https://www.taxtmi.com/caselaws?id=773603 Gujarat HC dismissed the petition challenging reopening of assessment under section 148. Petitioner sold mortgaged property for Rs. 40 lakh to satisfy debt but failed to file income tax return disclosing the transaction. Court held that since no return was filed, petitioner had no right to hearing under section 144B(6)(vii) and principles of natural justice were not violated. The sale transaction resulted in escapement of income causing revenue loss. Petitioner was directed to comply with the section 148 notice for assessment reopening. en-us Mon, 16 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773603 Gujarat HC dismissed the petition challenging reopening of assessment under section 148. Petitioner sold mortgaged property for Rs. 40 lakh to satisfy debt but failed to file income tax return disclosing the transaction. Court held that since no return was filed, petitioner had no right to hearing under section 144B(6)(vii) and principles of natural justice were not violated. The sale transaction resulted in escapement of income causing revenue loss. Petitioner was directed to comply with the section 148 notice for assessment reopening. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773603