https://www.taxtmi.com/caselaws?id=456781 The HC dismissed the writ petitions challenging reassessment actions under Section 148 of the Income Tax Act for AY 2017-18 and AY 2020-21. The court found no grounds to interfere at the initiation stage, emphasizing the limited scope of review. However, it preserved the petitioner's rights for ongoing reassessment proceedings, ensuring no prejudice to their contentions during these processes. The dismissal was based on the Assessing Officer's prima facie opinion and adherence to principles governing reassessment initiation. en-us Wed, 29 May 2024 00:00:00 +0530 Wed, 14 Aug 2024 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456781 The HC dismissed the writ petitions challenging reassessment actions under Section 148 of the Income Tax Act for AY 2017-18 and AY 2020-21. The court found no grounds to interfere at the initiation stage, emphasizing the limited scope of review. However, it preserved the petitioner's rights for ongoing reassessment proceedings, ensuring no prejudice to their contentions during these processes. The dismissal was based on the Assessing Officer's prima facie opinion and adherence to principles governing reassessment initiation. Case-Laws Income Tax Wed, 29 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456781