Order passed u/s 148A(d) would remain subject to order to be ultimately passed in reassessment proceeding u/s 148

Deepak Kumar Yadav Vs PCIT (Allahabad High Court) Allahabad High Court held that the scope of decision u/s. 148A(d) of the Income Tax Act is limited to the existence or otherwise of information which suggests that income chargeable to tax has escaped assessment. The same would otherwise remain subject to reassessment order passed u/s 148 of the Income Tax Act. Facts- Petitioner is an individual who is engaged in the business of trading of Arecanut (Supari), Chopped Betal Nut and Sweet Betal Nut in the name of his proprietary concern namely “S.K.L. Enterprises”. It transpires that the juris...