https://www.taxtmi.com/caselaws?id=769655 The Patna HC set aside reassessment notices issued under Section 148 of the Income Tax Act, 1961. The court held that when issuing notices under Section 148, tax authorities must provide reasons to support the notice. The court emphasized that without knowing the specific reasons for reassessment, taxpayers cannot submit effective replies or explanations. The principle of providing opportunity and reasons for adverse orders requires authorities to furnish supporting reasons with reassessment notices. The petitioner's case succeeded, and the reassessment notices were quashed. en-us Tue, 22 Apr 2025 00:00:00 +0530 Tue, 29 Apr 2025 08:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769655 The Patna HC set aside reassessment notices issued under Section 148 of the Income Tax Act, 1961. The court held that when issuing notices under Section 148, tax authorities must provide reasons to support the notice. The court emphasized that without knowing the specific reasons for reassessment, taxpayers cannot submit effective replies or explanations. The principle of providing opportunity and reasons for adverse orders requires authorities to furnish supporting reasons with reassessment notices. The petitioner's case succeeded, and the reassessment notices were quashed. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769655