https://www.taxtmi.com/caselaws?id=446728 The MP HC dismissed a petition challenging the validity of a notice issued under Section 148 for reopening assessment for AY 2016-17, which was based on an order under Section 148A(d). The court held that Section 148A, inserted by Finance Act 2021, aims to prevent casual issuance of reopening notices, reduce assessee harassment, and save revenue resources from frivolous proceedings. The court emphasized that the inquiry under Section 148A should not be interpreted as requiring detailed evidence from both sides, as this would defeat the provision's purpose of enabling informed responses from assessees. The court refused to interfere at this premature stage before statutory proceedings concluded, noting that veracity of material forming the AO's opinion should not be examined under writ jurisdiction. en-us Wed, 29 Nov 2023 00:00:00 +0530 Mon, 20 Jan 2025 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446728 The MP HC dismissed a petition challenging the validity of a notice issued under Section 148 for reopening assessment for AY 2016-17, which was based on an order under Section 148A(d). The court held that Section 148A, inserted by Finance Act 2021, aims to prevent casual issuance of reopening notices, reduce assessee harassment, and save revenue resources from frivolous proceedings. The court emphasized that the inquiry under Section 148A should not be interpreted as requiring detailed evidence from both sides, as this would defeat the provision's purpose of enabling informed responses from assessees. The court refused to interfere at this premature stage before statutory proceedings concluded, noting that veracity of material forming the AO's opinion should not be examined under writ jurisdiction. Case-Laws Income Tax Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446728