Final Assessment Passed Within Two Days Of Issuing Intimation, Violation Of 143(1) IT Act : Mumbai ITAT

The Mumbai Income Tax Appellate Tribunal (ITAT) ruled that final assessments must be completed within two days of issuing an intimation under Section 143(1) of the Income Tax Act to avoid violating procedural norms. The case emphasized timely compliance with assessment procedures to uphold taxpayer rights and procedural fairness. This decision underscores the importance of adhering to statutory timelines in tax assessments to prevent undue delays and ensure efficient tax administration.