https://www.taxtmi.com/caselaws?id=752178 Bombay HC quashed the impugned order passed under Section 148A(d) and the sanction under Section 151, ruling for the assessee. The court found the AO raised new additions (contractual receipts and interest on securities) despite the assessee's explanations and supporting letter; the order contained bald, incorrect statements and showed no application of mind. The HC also held the Range Head/PCIT approval was given without reading the record and the Section 148 notice was therefore unsustainable. The impugned proceedings were set aside. en-us Mon, 29 Apr 2024 00:00:00 +0530 Wed, 20 Aug 2025 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752178 Bombay HC quashed the impugned order passed under Section 148A(d) and the sanction under Section 151, ruling for the assessee. The court found the AO raised new additions (contractual receipts and interest on securities) despite the assessee's explanations and supporting letter; the order contained bald, incorrect statements and showed no application of mind. The HC also held the Range Head/PCIT approval was given without reading the record and the Section 148 notice was therefore unsustainable. The impugned proceedings were set aside. Case-Laws Income Tax Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752178