No Assessment shall be framed on basis of “Base Note” if assessee signed “Consent Waiver Form”: ITAT sets aside Order [Read Order]

Assessment - Base Note - Consent Waiver Form - ITAT - Taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no assessment should be framed on the basis of Base Note if assessee signed Consent Waiver Form. Therefore, the bench set aside the order of lower authority. Assessse Pratap Joisher,filed his original return of income declaring total income of Rs.3,72,872/- and Rs.6,74,637/- for…

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