Reopening Based on IDS Disclosure Invalid: Bombay HC Slams Revenue for “Abuse of Power”

Prabhakar Nerulkar Vs PCIT (Bombay High Court) Revenue Cannot Sit in Appeal over Accepted Disclosure- IDS Sanctity Upheld – Bombay HC Quashes Reopening Based on Disclosure Data-No Reassessment Once IDS Accepted – Goa Bench Protects Declarant’s Immunity The Bombay High Court at Goa delivered a landmark ruling protecting the sanctity of the Income Disclosure Scheme, 2016 (IDS), by quashing the reassessment order u/s 147/144/144B dated 16.03.2022 & all consequential notices. The Petitioner, a real estate businessman, had not filed returns for AYs 2011-12 to 2016-17 but later declared �...