HC Quashes Reassessment Notice & Order Due to Variance in Allegations & Lack of Fair Opportunity

Jindal Saw Ltd. Vs D/ACIT (Delhi High Court) In the Delhi High Court case Shreya Jain Vs Gaurav Tanwar, the petitioner challenged an income tax reassessment for the assessment year 2018-19. The dispute arose from a notice issued under Section 148A(b) of the Income Tax Act, 1961, followed by an order under Section 148A(d) and a notice under Section 148. The core issue was the inconsistency between the allegations stated in the initial notice and the grounds presented in the subsequent order. The Assessing Officer (AO) initially alleged that the petitioner had an unexplained expenditure of 79,17...