Story perspectives
Bombay High Court Quashes Tax Assessment for KMG Wires
10/27/2025
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Story summary
- The Bombay High Court quashed the income tax assessment against KMG Wires Private Limited, citing procedural irregularities and AI-generated case laws.
- It found the Assessing Officer failed to issue a Show Cause Notice or justify income additions, increasing taxable income from INR3.09 crore to INR27.91 crore.
- The case was remanded for a fresh assessment to allow verification of AI-generated results before use.
