https://www.taxtmi.com/caselaws?id=793959 Where reassessment proceeded under Section 148A(d) and a consequential Section 144 assessment was completed without the taxpayer's participation, the Karnataka HC treated the lack of effective opportunity as material and restored the matter to the Section 148A(b) stage. The petitioner's claim that it functioned as an intermediary cooperative institution lending only to members, and that its income could qualify for deduction under Section 80P, formed part of the background. The assessment order, demand notice, and bank attachment were quashed, with liberty to file a response and appear on the specified date. en-us Tue, 16 Jun 2026 00:00:00 +0530 Fri, 26 Jun 2026 07:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793959 Where reassessment proceeded under Section 148A(d) and a consequential Section 144 assessment was completed without the taxpayer's participation, the Karnataka HC treated the lack of effective opportunity as material and restored the matter to the Section 148A(b) stage. The petitioner's claim that it functioned as an intermediary cooperative institution lending only to members, and that its income could qualify for deduction under Section 80P, formed part of the background. The assessment order, demand notice, and bank attachment were quashed, with liberty to file a response and appear on the specified date. Case-Laws Income Tax Tue, 16 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793959