https://www.taxtmi.com/caselaws?id=764701 The court quashed the Notice dated 30.03.2021 issued under Section 148 of the Income Tax Act for the Assessment Year 2013-14, finding it invalid due to lack of jurisdiction. The notice was based on the same facts as a previous reassessment without any new material, which is impermissible under legal standards. The court emphasized that reassessment requires new information or material not available during the original assessment. Consequently, the petition was allowed, and the notice was set aside, with no order as to costs. en-us Mon, 23 Dec 2024 00:00:00 +0530 Thu, 16 Jan 2025 08:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764701 The court quashed the Notice dated 30.03.2021 issued under Section 148 of the Income Tax Act for the Assessment Year 2013-14, finding it invalid due to lack of jurisdiction. The notice was based on the same facts as a previous reassessment without any new material, which is impermissible under legal standards. The court emphasized that reassessment requires new information or material not available during the original assessment. Consequently, the petition was allowed, and the notice was set aside, with no order as to costs. Case-Laws Income Tax Mon, 23 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764701