ITAT Quashes Reassessment Proceedings Due to Procedural Lapses and Absence of New Tangible Material | Biz Flow Kit
ITAT Quashes Reassessment Proceedings Due to Procedural Lapses and Absence of New Tangible Material The appellant, Vilas Polymer Private Limited, challenged separate orders passed by the CIT(A), which sustained reassessment orders for multiple assessment years from 2014-15 to 2019-20. The original assessments were concluded under Section 143(3) of the Income Tax Act. Thereafter, the Assessing…