Allahabad HC explains Section 148A Pre-Condition for Reassessment initiation

Rahul Sachan Vs ITO (Allahabad High Court) In the case of Rahul Sachan vs. Income Tax Officer (ITO), the Allahabad High Court delved into the intricacies of Section 148A of the Income Tax Act, 1961, particularly concerning the pre-conditions required to initiate reassessment proceedings. The petitioner, Rahul Sachan, challenged an order passed under Section 148A(d) and a consequential notice issued under Section 148 for the Assessment Year 2020-21. The case stemmed from a show cause notice issued to the petitioner, proposing reassessment proceedings based on information suggesting income escap...