Reassessment u/s. 148A(b) initiated within prescribed time limit u/s. 149(1) is valid

Chandra Shekhar Vs PCIT (Patna High Court) Patna High Court held that reassessment proceedings under section 148A(b) of the Income Tax Act is justifiable since proceedings initiated within a three year period as per section 149(1) of the Income Tax Act. Facts- Petitioner is income tax assessee for the assessment year 2020-21. Notice was issued to the petitioner on 28.03.2024 u/s. 148 A (Clause b) of the Income Tax Act, 1961. Petitioner had submitted reply on 31.03.2024. Pursuant to the petitioner’s reply yet another notice was issued on 22.04.2024 to the petitioner and he had submitted reply...