HC upheld reassessment as AO not sought information for multiple assessment years

Champa Impex Private Limited Vs Union of India and Others (Calcutta High Court) Introduction: The legal landscape often witnesses intricate cases that test the nuances of taxation laws, and the matter of Champa Impex Private Limited vs. Union of India and Others, as adjudicated by the Calcutta High Court, is no exception. This article seeks to provide a comprehensive examination of the various legal facets and arguments raised during the proceedings, centering on the implications of Section 148A(d) of the Income Tax Act, 1961. Background of the Case: The crux of the matter lies in an appeal fi...