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Section 148 Notice Quashed for Lack of Live Nexus With Seized Material: Gujarat HC
Case Law Details
- Case Name
- Innovative Infrastructure Vs ITO (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All High Courts, Gujarat High Court
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Innovative Infrastructure Vs ITO (Gujarat High Court)
The Gujarat High Court examined the validity of a notice issued under Section 148 of the Income-tax Act, 1961 for Assessment Year 2021-22, whereby the Assessing Officer sought to reopen the petitioner’s assessment on the allegation that the petitioner had paid unaccounted “on-money” while purchasing land.
The reassessment was based entirely on an entry dated 10.03.2019 found in an inquiry register seized during a search conducted under Section 132 at the premises of a real estate broker. The seized register contain...
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