Income Tax - Highlights / Catch Notes
Income Tax - Reopening of assessment u/s 147 - underlying...
Reopening of assessment u/s 147 - underlying information/material which formed the basis for triggering the assessment/reassessment proceedings was required to be furnished to the petitioner. - That being the position, according to us, the best way forward is to set aside the impugned order passed under Section 148A(d) of the Act and the consequential notice of even date i.e., 25.07.2022 issued under Section 148 of the Act. - Matter restored back with directions - HC