Quick Summary
In a recent development, the Bombay High Court has expressed strong disapproval of the functioning of income tax (IT) assessing officers and their handling of delayed assessment orders. The court has issued a stern warning that it may impose costs on the assessing officers if they are found to be unreasonably pursuing taxpayers with delayed assessment orders, leaving them with insufficient time to respond. The Courts Displeasure A division bench of Justices KR Shriram and Kamal Khata c
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FAQ :
The Bombay High Court has warned IT assessing officers against unreasonably delaying assessment orders and leaving taxpayers with insufficient time to respond.
The court has indicated it may impose substantial costs on assessing officers if they are found to be pursuing taxpayers with delayed assessment orders.
The court condemned the significant six-month delay in issuing a draft assessment order and the subsequent provision of only three days for the company to respond.
The Bombay High Court quashed the delayed draft assessment order for Ajay Securities Pvt Ltd and instructed the Assessing Officer to conduct a fresh assessment after hearing the company.
The court expressed hope that the Central Board of Direct Taxes (CBDT) would sensitise its officers to ensure fair treatment of taxpayers and prevent them from being treated in such a manner.
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