Gujarat HC Quashed Section 148 Notice as Seized Material Had No Link With Assessee

Sagar Mukesh Sheth Vs ITO (Gujarat High Court) The writ petition before the Gujarat High Court challenged a notice dated 27.03.2026 issued under Section 148 of the Income Tax Act, 1961 for reopening the assessment of the petitioner for Assessment Year 2022-23. The reopening proceedings arose after a search and seizure operation under Section 132A was conducted on Bsafal Group and City Estate Groups, during which certain material relating to alleged cash transactions in real estate dealings around Ahmedabad was seized. The revenue relied upon documents recovered from City Estate Management Indi...