Six-Day Period to Furnish Reply Instead of Seven as per Income Tax Act: Karnataka HC Quashes Reassessment Notice and Demand

The Karnataka High Court quashed a reassessment notice under the Income Tax Act on the grounds that the assessee was given only six days to respond instead of the mandatory seven-day period. The court held that the reassessment notice and subsequent demand were invalid, as they violated procedural fairness. This ruling underscores the importance of adhering to statutory timelines in tax proceedings. It also provides relief to taxpayers by ensuring that procedural lapses by tax authorities do not unfairly penalize them.