https://www.taxtmi.com/caselaws?id=428739 The court dismissed the writ petition challenging the order under Section 148A(d) and notice under Section 148 of the Income Tax Act, 1961 for Assessment Year 2018-19. The court found that the monetary threshold for reopening the assessment was met, rejecting the petitioner's arguments regarding the amount added to income. It was held that the issue of the transaction party could not be determined in writ proceedings, and new information about an alleged entry operator surfaced post the original assessment. The petitioner was permitted to present contentions before the Assessing Officer for consideration, who was directed to decide the matter following the law. en-us Fri, 02 Sep 2022 00:00:00 +0530 Mon, 10 Oct 2022 10:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428739 The court dismissed the writ petition challenging the order under Section 148A(d) and notice under Section 148 of the Income Tax Act, 1961 for Assessment Year 2018-19. The court found that the monetary threshold for reopening the assessment was met, rejecting the petitioner's arguments regarding the amount added to income. It was held that the issue of the transaction party could not be determined in writ proceedings, and new information about an alleged entry operator surfaced post the original assessment. The petitioner was permitted to present contentions before the Assessing Officer for consideration, who was directed to decide the matter following the law. Case-Laws Income Tax Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428739