Reopening of assessment u/s. 148 for making fishing inquiry is not permissible under law

DCIT Vs Rakesh Ramanlal Shah (Supreme Court of India) Supreme Court held that reopening of assessment under section 148 of the Income Tax Act for making a fishing inquiry without any live link or fresh material is not permissible under the law. Accordingly, notice u/s. 148 quashed and set aside. Facts- By this petition under Article 226 of the Constitution of India, the petitioner has challenged the notice dated 30.03.2021 issued under section 148 of the Income Tax Act,1961. Conclusion- Held that on the basis of the information received from DDIT Investigation Unit-5(1), New Delhi, the respond...