Bombay HC Stays Section 148 Reassessment Notices Pending SC Outcome

Pravin Bhati Vs ITO (Bombay High Court)

Bombay High Court heard a batch of petitions challenging the validity of notices issued under Section 148 of the Income Tax Act, 1961. These notices were issued for various dates pertaining to assessment years prior to 2023–24. The petitioners sought an interim stay on the operation of these reassessment notices, alleging that the proceedings were not in conformity with the legal framework introduced by the Finance Act, 2021.

The primary contention of the petitioners was

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