|Court:||High Court of Bombay|
Hon’ble High Court held that if the notice issued under section 148 of the Income-tax Act, 1961 merely quotes the information flagged on the insight portal without neither depicting therein the results of the independent investigation conducted if any of the said information by the Assessing Officer nor connecting the assessee to the transactions specified in the said information then the reassessment proceedings initiated through issuance of the said notice is bad in law.
|Counsel(s):||R.S. Padvekar and Tanzil Padevekar|
|Dowload Pdf File||Click here to download the file in pdf format|
|Uploaded By||Adv. Priyanshi Desai|
|Date of upload:||March 23, 2023|
Email me the case laws
Judgment of Anwar Sheikh already uploaded
I agree.It would apply on the new reassment procedure.In process of writing an article on the same.
Good Luck for your article