Section 148A(d) Order in IT Act Isn’t Final; No Tax Demand Arises

Rachna Singhi Vs ITO (Calcutta High Court) Introduction: The Calcutta High Court, in the recent case of Rachna Singhi Vs Income Tax Officer (ITO), highlighted the implications of Section 148A(d) of the Income Tax Act, 1961. The Court ruled that an order under this section is not a final assessment order and does not result in any income tax demand. Analysis: Rachna Singhi, the petitioner, challenged the order under Section 148A(d) of the Income Tax Act, 1961, relating to the assessment year 2019-20. She expressed dissatisfaction with the reasoning provided by the respondent, the ITO, in his or...