Communication issued to ‘Cognizant’ to be treated as notice; SC remanded matter back for disposal on merits

INCOME TAX : Where assessee's application as to whether it was liable to pay tax on buy-back of shares under section 115-O was pending before AAR, impugned communication addressed by department treating assessee to be 'assessee-in-default' on account of non-payment of tax was to be treated as show-cause notice and, thus, matter was to be remanded back for disposal on merits

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194019/communication-issued-to-‘cognizant’-to-be-treated-as-notice-sc-remanded-matter-back-for-disposal-on-merits.aspx