Reassessment notices under Sections 148/148A read with 148A(d) quashed as covered by the earlier lead judgment

The SC held that reassessment notices issued under sections 148/148A read with section 148A(d) are invalid in the present petitions and quashed those notices and related orders. The matters were held to be covered by the Court's earlier SC judgment of 3-10-2024 in the lead matter, and the revenue's petitions were disposed of accordingly. Assessees in these petitions are to be governed by the reasoning and outcome set out in that SC decision.

---

---

Delay condoned. The Special Leave Petitions are held to be "squarely covered by the Judgment of this Court rendered on 3-10-2024 in 'Union of India & Ors. vs. Rajeev Bansal' (Civil Appeal No.8629/2024 etc.) 2024 (11) Scale 473." Consequentially, the petitions filed by the Revenue are disposed of and "the assessees will be governed by reasons discussed in the said Judgment." Assessing officers are directed to "dispose of the objections in terms of the law laid down by this Court." Thereafter, assessees aggrieved may "pursue all the rights and remedies in accordance with law, save and except for the issues which have been concluded in the Judgment." Pending applications, if any, also stand disposed of.

---