Case Law Analysis
|Income Tax Appellate Tribunal
Section 148 IT Act | Reassessment Notice Based on Unverified Insight Portal Data Invalid Without Independent Verification: ITAT Pune
ITAT Pune holds that reassessment notices under Section 148 of the Income Tax Act, 1961, relying solely on unverified Insight Portal data without independent verification, are invalid. The ruling reinforces CBDT Circular compliance, mandating AO scrutiny beyond automated alerts to protect taxpayers from arbitrary proceedings.