https://www.taxtmi.com/caselaws?id=763686 The Court set aside the notice under Section 148A(b) and the order under Section 148A(d) of the Income Tax Act for AY 2018-19, remanding the matter to the AO for fresh consideration. It found that the AO failed to properly examine the petitioner's response and the alleged discrepancies between cash entries and banking transactions. The Court emphasized the necessity for a comprehensive review of the petitioner's submissions before proceeding with reassessment, ultimately ruling in favor of the petitioner. en-us Thu, 12 Dec 2024 00:00:00 +0530 Thu, 26 Dec 2024 08:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763686 The Court set aside the notice under Section 148A(b) and the order under Section 148A(d) of the Income Tax Act for AY 2018-19, remanding the matter to the AO for fresh consideration. It found that the AO failed to properly examine the petitioner's response and the alleged discrepancies between cash entries and banking transactions. The Court emphasized the necessity for a comprehensive review of the petitioner's submissions before proceeding with reassessment, ultimately ruling in favor of the petitioner. Case-Laws Income Tax Thu, 12 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763686