Bombay HC Quashed Reassessment for Being Covered by Prior HC Ruling

Saurashtra Finstock Private Limited Vs ACIT (Bombay High Court)

The Bombay High Court disposed of the petitions after both sides agreed that the issues were covered by an earlier judgment. Consequently, the Court quashed and set aside the impugned orders passed under Section 148A(d) of the Income Tax Act, 1961, along with the notices issued under Section 148. All consequential notices or orders were also quashed. The petitions were disposed of, while all other rights and contentions raised by the petitioners were expressly kept open. The decision is reported as 2024 SCC OnLine Bom

Please become a Premium member. If you are already a Premium member, login here to access the full content.