Gujarat HC Quashes Reassessment as Reopening Was Based on Unverified Complaint

Advertisement Deep Vijaykumar Trivedi Vs DCIT (Gujarat High Court) The Gujarat High Court allowed a writ petition challenging notices issued under Sections 148A(1) and 148 of the Income Tax Act, 1961, along with the order passed under Section 148A(3) for Assessment Year 2019-20. The reopening proceedings alleged escapement of income amounting to Rs. 1.17 crore in connection with a disputed land transaction. The petitioner and his family had originally purchased two parcels of land in 2013, which subsequently became subject matter of revenue litigation and civil disputes. During the pendency...