https://www.taxtmi.com/caselaws?id=457364 The MP HC dismissed a writ petition challenging reassessment proceedings under Section 147/148 of the IT Act. The petitioner argued that the Section 148A(d) order was passed without proper information suggesting income had escaped assessment. The HC held that Section 148A, inserted from 01.04.2021, aims to prevent casual notice issuance, reduce assessee harassment, and save revenue resources. The court refused to interfere at the premature stage before statutory proceedings concluded, noting that examining the veracity of material forming the AO's opinion falls outside writ jurisdiction under Articles 226/227 of the Constitution. en-us Wed, 29 Nov 2023 00:00:00 +0530 Wed, 18 Sep 2024 07:52:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457364 The MP HC dismissed a writ petition challenging reassessment proceedings under Section 147/148 of the IT Act. The petitioner argued that the Section 148A(d) order was passed without proper information suggesting income had escaped assessment. The HC held that Section 148A, inserted from 01.04.2021, aims to prevent casual notice issuance, reduce assessee harassment, and save revenue resources. The court refused to interfere at the premature stage before statutory proceedings concluded, noting that examining the veracity of material forming the AO's opinion falls outside writ jurisdiction under Articles 226/227 of the Constitution. Case-Laws Income Tax Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457364