AO not considered objections of Assessee- Gujarat HC Quashed Section 148A(d) order & 148 Notice

Shrenik Sudhir Vimawala Vs ACIT (Gujarat High Court) In a significant judgment, the Gujarat High Court has quashed the order under clause (d) of Section 148A and the notice issued under Section 148 of the Income Tax Act, 1961, in the case of Shrenik Sudhir Vimawala Vs ACIT. This decision underscores the imperative of the Assessing Officer (AO) to duly consider the objections of the assessee before proceeding with reassessment notices for the Assessment Year (AY) 2018-19. The case revolved around the AO’s intention to reopen the assessment for AY 2018-19, based on alleged non-disclosure o...