https://www.taxtmi.com/caselaws?id=774906 The Orissa HC dismissed a writ petition challenging a notice under Section 148 of the IT Act for reopening assessment. The petitioner contested the notice issued for alleged bogus purchases worth Rs. 34,99,247 from M/s. Madhumita Steel Industries Pvt. Ltd. The court held that the ITO had properly obtained prior approval under Section 148A(3) and followed due process. The court found interference at the notice stage premature, noting the assessee would have adequate opportunity to contest before the Assessing Officer. The petition was dismissed as the statutory safeguards were sufficient and appeal remedies were available. en-us Tue, 01 Jul 2025 00:00:00 +0530 Wed, 16 Jul 2025 08:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774906 The Orissa HC dismissed a writ petition challenging a notice under Section 148 of the IT Act for reopening assessment. The petitioner contested the notice issued for alleged bogus purchases worth Rs. 34,99,247 from M/s. Madhumita Steel Industries Pvt. Ltd. The court held that the ITO had properly obtained prior approval under Section 148A(3) and followed due process. The court found interference at the notice stage premature, noting the assessee would have adequate opportunity to contest before the Assessing Officer. The petition was dismissed as the statutory safeguards were sufficient and appeal remedies were available. Case-Laws Income Tax Tue, 01 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774906