https://www.taxtmi.com/caselaws?id=763332 The HC dismissed the writ petition, upholding the validity of the order under Section 148A(d) of the Income Tax Act and the notice issued under Section 148 for reassessment of income for AY 2017-18. The court found prima facie grounds for reassessment based on a third-party statement obtained during a search, emphasizing the petitioner's opportunity to present their case during the detailed inquiry under Section 148. The court ruled that the petitioner had alternative remedies available and that the writ petition was not maintainable. The order under Section 148A(d) was upheld, and no grounds for interference were established. en-us Mon, 25 Nov 2024 00:00:00 +0530 Wed, 18 Dec 2024 08:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763332 The HC dismissed the writ petition, upholding the validity of the order under Section 148A(d) of the Income Tax Act and the notice issued under Section 148 for reassessment of income for AY 2017-18. The court found prima facie grounds for reassessment based on a third-party statement obtained during a search, emphasizing the petitioner's opportunity to present their case during the detailed inquiry under Section 148. The court ruled that the petitioner had alternative remedies available and that the writ petition was not maintainable. The order under Section 148A(d) was upheld, and no grounds for interference were established. Case-Laws Income Tax Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763332