https://www.taxtmi.com/caselaws?id=769220 The Karnataka HC quashed a reassessment notice issued under section 148A(b) for providing insufficient response time. The notice dated 20.03.2022 granted only 5 days until 25.03.2022 for the petitioner to submit reply, falling short of the mandatory minimum 7-day period prescribed under the statute. Following precedent in Janaki Aenuga case, the court held that the shortened timeframe violated statutory requirements, rendering the notice and all consequential proceedings including assessment orders invalid. The decision favored the assessee. en-us Thu, 03 Apr 2025 00:00:00 +0530 Tue, 22 Apr 2025 08:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769220 The Karnataka HC quashed a reassessment notice issued under section 148A(b) for providing insufficient response time. The notice dated 20.03.2022 granted only 5 days until 25.03.2022 for the petitioner to submit reply, falling short of the mandatory minimum 7-day period prescribed under the statute. Following precedent in Janaki Aenuga case, the court held that the shortened timeframe violated statutory requirements, rendering the notice and all consequential proceedings including assessment orders invalid. The decision favored the assessee. Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769220