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No Evidence Linked Assessee to On-Money Transaction: Gujarat HC Quashes Section 148 Notice
Case Law Details
- Case Name
- Naliniben Jagdishkumar Gandhi Vs ITO (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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Naliniben Jagdishkumar Gandhi Vs ITO (Gujarat High Court)
The Gujarat High Court allowed a writ petition challenging a notice issued under Section 148 of the Income Tax Act, 1961 for Assessment Year 2022-23 and quashed the reassessment proceedings initiated against the petitioner. The Court held that the Revenue failed to establish any independent corroborative material linking the petitioner to the alleged “on-money” transaction.
The petitioner had filed the return of income for Assessment Year 2022-23 on 25.07.2022 declaring total income of Rs.1.48 crore. During the rele...
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