https://www.taxtmi.com/caselaws?id=429213 HC held that the notice under s.148A(b) failed to allege the foundational fact-source of funds used by the purchasing entity to acquire shares of the target company-and such omission cannot be cured by a supplementary notice. Consequently, the writ petition was allowed: the s.148A(b) show-cause notice, the s.148A(d) order and the s.148 notice for assessment year 2018-19 were quashed. en-us Mon, 17 Oct 2022 00:00:00 +0530 Wed, 20 Aug 2025 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429213 HC held that the notice under s.148A(b) failed to allege the foundational fact-source of funds used by the purchasing entity to acquire shares of the target company-and such omission cannot be cured by a supplementary notice. Consequently, the writ petition was allowed: the s.148A(b) show-cause notice, the s.148A(d) order and the s.148 notice for assessment year 2018-19 were quashed. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429213