Section 148 Reassessment Upheld After Section 147A Amendment: Madras HC

Advertisement Nate Nandha Vs ACIT (Madras High Court) The writ petitions challenged proceedings under Sections 148A, 148 and/or 147 of the Income Tax Act, 1961, as applicable between 01.04.2021 and 01.04.2024. In some petitions, penalties imposed under Chapter XXI of the Act were also challenged. The petitioners had obtained interim orders primarily on the ground that the Jurisdictional Assessing Officer lacked jurisdiction under Section 148A, relying mainly on the Bombay High Court decision in Hexaware Technologies Limited v. Assistant Commissioner of Income Tax. Before these petitions wer...