Gujarat HC Quashes Reassessment Due to Vague Loose Papers on NA Land

Shardaben Hashmukhbhai Patel Vs ITO (Gujarat High Court) Section 148 Notice Set Aside as Seized Documents Had No Direct Link With Assessee; Gujarat HC Cancels Reopening Because Agricultural Land Sale Was Linked to Later NA Conversion; Reassessment Invalid Where Revenue Relied on Hypothetical Escapement of Income; Gujarat HC Quashes Section 271DA Penalty After Setting Aside Reopening Proceedings. In the case of Shardaben Hashmukhbhai Patel Vs ITO, the Gujarat High Court examined the validity of a reassessment notice issued under Section 148 of the Income Tax Act for Assessment Year 2020–21, a...