Calcutta HC Stays Reassessment Notice as Section 151 Approval Not Served

Babylon Trading & Investment Pvt. Ltd. Vs Union of India & Ors. (Calcutta High Court) In Babylon Trading & Investment Pvt. Ltd. Vs Union of India & Ors., the petitioner challenged an order dated December 30, 2024 passed under Section 148A(d) of the Income Tax Act, 1961, along with the consequential notice under Section 148 for Assessment Year 2015–16. The petitioner contended that the impugned order and notice suffered from serious jurisdictional errors. It was argued that the approval granted under Section 151 for issuance of notice under Section 148 had never been served up...