Insurance Company Reassessment Quashed: Notices Invalid for Section 151A Breach

PNB MetLife India Insurance Company Limited Vs ACIT (Karnataka High Court) Karnataka HC quashes reassessment notices issued to PNB MetLife – follows Ramachandra Reddy ruling on Sec.151A jurisdiction The Petitioner, PNB MetLife India Insurance Company Ltd.   filed a writ petition challenging the order u/s 148A(3) and the reassessment notice u/s 148—both dated 29.06.2025—issued by the ACIT, Circle-5(1)(1), Bengaluru for AY 2019-20. The Petitioner contended that the notices were issued without jurisdiction, as they violated the framework prescribed under Section 151A of the Income-tax Act...