Reassessment u/s. 148 untenable as mandatory requirement of 149(1)(b) not complied

Novo Nordisk India Private Limited Vs DCIT (Karnataka High Court) Karnataka High Court held that assumption of jurisdiction under section 147 of the Income Tax Act untenable since mandatory requirement of section 149(1)(b) of the Income Tax Act not complied. Accordingly, writ petition allowed and notice u/s. 148 quashed. Facts- The petitioner is a company incorporated under the laws of India and is a resident for the purposes of the Act. The case of the petitioner was selected for detailed scrutiny and notice u/s. 143(2) was issued on 23.10.2007, to which the petitioner filed requisite reply. ...