Second Section 148A(b) notice cannot be supplemental to first, if it raises entirely new issues

Capital Property Consultants Vs ACIT (Delhi High Court) In Capital Property Consultants Vs ACIT, the Delhi High Court dealt with the issuance of multiple notices under Section 148A(b) of the Income Tax Act, 1961, highlighting procedural lapses by the Assessing Officer (AO). The case revolved around two notices issued for Assessment Year (AY) 2020-21. The first notice, dated March 31, 2024, alleged income escapement based on a property agreement involving facilitation services provided by the petitioner. The petitioner responded, asserting that the agreement was never acted upon and submitted c...