Bombay HC Quashed Section 148 Reassessment Notice for Approval by Wrong Authority

Swami Shanti Prakash Ashram Trust Vs ACIT (Bombay High Court) The Bombay High Court allowed the writ petition filed by the assessee, challenging the validity of a notice issued under section 148 of the Income Tax Act, 1961 for Assessment Year 2015–16 and the consequent assessment order passed under section 147 read with section 143(3). The notice under section 148 was issued on 28 March 2021, and the reassessment order was passed on 26 March 2022. Although several grounds were raised in the petition, the principal issue argued before the Court was that the impugned notice was issued without ...