Mechanical Reliance on Information: Section 148 notice invalid

R.S. Darshan Singh Motor Car Finance Pvt. Ltd. Vs ITO (ITAT Kolkata) The case of R.S. Darshan Singh Motor Car Finance Pvt. Ltd. vs. ITO, handled by the Income Tax Appellate Tribunal (ITAT) Kolkata, brings forth significant insights into the procedures and responsibilities of the Assessing Officer (AO) under the Indian Income Tax Act. The tribunal’s decision to quash the notice issued under Section 148 of the Income Tax Act underscores the necessity for thorough verification of information by the AO before initiating any reassessment proceedings. Background of the Case R.S. Darshan Singh ...