Only 6 days provided to Address Bank Credits Variation: Madras HC directs Reconsideration of Income Tax Assessment Order [Read Order]

The Income Tax Department had only allowed six days for the petitioner to respond to the discrepancies in the bank statement

By Navasree A.M - On August 26, 2024 4:21 pm - 2 mins read

Madras High Court - Income Tax - Assessment Order - Bank Credits Variation - Income Tax Department - taxscan

The Madras High Court remanded the case for reconsideration, citing insufficient time given to the petitioner to address the variation in bank credits. The Income Tax Department had only allowed six days for the petitioner to respond to the discrepancies in the bank statement. The petitioner challenged an assessment order dated 23.03.2023 for the assessment…

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