Digi1 Electronics Pvt. Ltd. vs. Assistant Commissioner of Income Tax (Bombay High Court)

Court: High Court of Bombay
Head Notes:

Reassessment proceedings under section 148 of Income-tax Act, 1961 cannot be initiated merely for verification of the information reflected on the Insight Portal.

Only after the Assessing Officer has duly verified the information reflected on the Insight Portal, he is vested with the power to initiate reassessment proceedings.

Law:
Section(s): Section 148, Section 147
Counsel(s): Dharan V. Gandhi
Dowload Pdf File Click here to download the file in pdf format
Uploaded By Adv. Priyanshi Desai
Date of upload: March 14, 2023

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