Rajasthan High Court quashes reassessment notice issued under Sec 148 of the Income Tax Act
Last updated: 04 December 2021
Court :
High Court of judicature for Rajasthan
Brief :
The reassessment notice issued to the petitioners under Section 148 of the Income Tax Act is quashed. However, it is left open to the assessing authority to initiate re-assessment proceedings in accordance with the provisions of the Act, as amended by the Finance Act, 2021 after making due compliance as required under the law. A copy of this order be placed separately in each file.
Citation :
CW/10985/2021
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mahendra gargieya
Published in Income Tax
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