https://www.taxtmi.com/caselaws?id=793403 Natural justice requires the Assessing Officer, in proceedings under section 148A, to consider the assessee's reply and supporting materials before deciding whether notice under section 148 is warranted. The Calcutta HC found that the reassessment order relied on partial bank statements and alleged circular movement of funds, but did not deal with the assessee's explanations or address the materials furnished in response to the show cause notice. Because the specific replies were not considered and no detailed finding on escaped income was recorded, the section 148A(3) order and consequential section 148 notice were quashed, with the matter remanded for fresh consideration after hearing. en-us Thu, 11 Jun 2026 00:00:00 +0530 Mon, 15 Jun 2026 09:09:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793403 Natural justice requires the Assessing Officer, in proceedings under section 148A, to consider the assessee's reply and supporting materials before deciding whether notice under section 148 is warranted. The Calcutta HC found that the reassessment order relied on partial bank statements and alleged circular movement of funds, but did not deal with the assessee's explanations or address the materials furnished in response to the show cause notice. Because the specific replies were not considered and no detailed finding on escaped income was recorded, the section 148A(3) order and consequential section 148 notice were quashed, with the matter remanded for fresh consideration after hearing. Case-Laws Income Tax Thu, 11 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793403