https://www.taxtmi.com/caselaws?id=756349 The Bombay HC quashed a notice issued under Section 148 of the Income Tax Act for reopening assessment. The court held that the Assessing Officer failed to apply mind before issuing the notice based on electronically generated information under Section 135A. The petitioner had correctly disclosed interest income from Canara Bank in her return, but the AO proceeded with the notice without verifying the assessee's explanation pointing out defects in the electronic information. The court emphasized that faceless collection of information cannot create arbitrary consequences and requires proper verification before issuing reopening notices. en-us Mon, 15 Jul 2024 00:00:00 +0530 Wed, 09 Jul 2025 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756349 The Bombay HC quashed a notice issued under Section 148 of the Income Tax Act for reopening assessment. The court held that the Assessing Officer failed to apply mind before issuing the notice based on electronically generated information under Section 135A. The petitioner had correctly disclosed interest income from Canara Bank in her return, but the AO proceeded with the notice without verifying the assessee's explanation pointing out defects in the electronic information. The court emphasized that faceless collection of information cannot create arbitrary consequences and requires proper verification before issuing reopening notices. Case-Laws Income Tax Mon, 15 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756349