CIT(A) issues 5 Income Tax Notices within 40 days, Fails to Consider Facts filed in Form 35: ITAT directs Fresh Adjudication

The ITAT has directed the Commissioner of Income Tax (Appeals) [CITA] to carry out fresh adjudication after it was found that the CITA issued five income tax notices to an assessee within 40 days without considering the facts provided in Form 35. The tribunal criticized the CITA for acting hastily and not adequately reviewing the information submitted by the assessee before issuing the notices. This ruling emphasizes the need for due process and careful examination of all relevant facts before tax authorities take action. The ITAT’s decision to remand the case for fresh adjudication highlights the importance of fairness and transparency in tax assessments.