https://www.taxtmi.com/caselaws?id=765761 The Gujarat HC quashed the reassessment proceedings initiated under Section 148A(d) and notice under Section 148 of the Income Tax Act. The court held that the AO erred in rejecting the petitioner's adjournment request and failed to consider the detailed 500-page reply filed by the petitioner before passing the impugned order. The matter was remanded to the AO with directions to provide information forming the basis for reassessment notice, consider the existing reply, and pass a fresh order after allowing the petitioner opportunity to file additional response. en-us Mon, 27 Jan 2025 00:00:00 +0530 Sat, 08 Feb 2025 09:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765761 The Gujarat HC quashed the reassessment proceedings initiated under Section 148A(d) and notice under Section 148 of the Income Tax Act. The court held that the AO erred in rejecting the petitioner's adjournment request and failed to consider the detailed 500-page reply filed by the petitioner before passing the impugned order. The matter was remanded to the AO with directions to provide information forming the basis for reassessment notice, consider the existing reply, and pass a fresh order after allowing the petitioner opportunity to file additional response. Case-Laws Income Tax Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765761