Punjab and Haryana HC Invalidates S.148 Notices for Non-Compliance with Faceless Assessment Procedure [Read Order]

In the recent ruling,the Punjab and Haryana High Court, invalidated notices issued under Section 148 of the Income Tax Act,1961 for non-compliance with the faceless assessment procedure.Fastway Citizen Cable Network Pvt.Ltd,the petitioner-assessee,had its case reviewed, considering the conclusions from previous rulings by this Court and a Coordinate Bench. Both counsels acknowledged that the issues raised…