Reopening u/s. 148 based on Supreme Court judgement untenable: Madras HC

Merton Vs DCIT (Madras High Court) Madras High Court held that reopening of assessment u/s. 148 of the Income Tax Act based on the judgement of Hon’ble Supreme Court judgement is tenable as Supreme Court has not given direction to reopen completed assessment. Facts- The specific case of the petitioner is that earlier a notice under Section 148 of the Income Tax Act, 1961 was issued to the petitioner on 28.06.2021 and in response to the same, the petitioner submitting to the jurisdiction replied to the said notice which has culminated in an Assessment Order dated 30.03.2022. The Assessment Or...