Section 148A Proceedings Invalid If Assessee’s Response Rejected Solely Based on Portal Information

Devat And Ram Company Private Limited Vs ITO (Delhi High Court) Delhi High Court has set aside a notice issued under Section 148A(b) and a consequential order passed under Section 148A(d) of the Income Tax Act, 1961, effectively quashing reassessment proceedings against Devat And Ram Company Private Limited for Assessment Year 2020-21. The court ruled that the Assessing Officer (AO) had invalidly rejected the assessee’s comprehensive response merely by relying on unverified information from an “insight portal,” without adequately examining the evidence provided by the assesse...