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![Allahabad HC Quashes Huge Tax Demand: Income Tax Dept Slapped with Rs. 50 Lakhs Cost for Abuse of Power and Violation of Natural Principles [Read Order] Allahabad HC Quashes Huge Tax Demand: Income Tax Dept Slapped with Rs. 50 Lakhs Cost for Abuse of Power and Violation of Natural Principles [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Allahabad-HC-Tax-Demand-Income-Tax-Dept-Abuse-Violation-of-Natural-Principles-taxscan.jpeg)
Allahabad HC Quashes Huge Tax Demand: Income Tax Dept Slapped with Rs. 50 Lakhs Cost for Abuse of Power and Violation of Natural Principles [Read Order]
In a significant ruling, the Allahabad High Court has quashed a re-assessment order under section 147/148 of the Income Tax Act, 1961, passed by the...