Bombay HC Quashes Reassessment and Notices as Illegal and Arbitrary

Arunkumar Mahabirprasad Jatia Vs ACIT (Bombay High Court) The Bombay High Court quashed the impugned order under Section 147A(d) and the notice under Section 148 for AY 2016-17, holding them wholly without jurisdiction, illegal, and arbitrary. The petition followed the reasoning in Karan Maheshwari v. ACIT, emphasizing that the reassessment proceedings were invalid. As a result, the reassessment order dated 31st March 2024, which was based on the quashed 148A(d) order, was also invalidated. The Court disposed of the petition, confirming that any action relying on an order already set aside ca...