Case Law Analysis
|Income Tax Appellate Tribunal
Section 148A Income Tax Act | Notice Issued Post-01-04-2021 Must Follow New Procedure: ITAT Agra Quashes Reassessment for Non-Compliance
ITAT Agra rules that reassessment notices issued under Section 148 of the Income Tax Act on or after 01-04-2021 must strictly comply with the amended Section 148A procedure. Failure to do so renders the notice invalid, quashing the entire reassessment proceedings. This decision reinforces procedural safeguards for taxpayers against arbitrary reopening of assessments.