Gujarat HC Quashed Reassessment for Non-Application of Mind in Reopening Notices

Amitkumar Chandulal Rajani Vs ITO (Gujarat High Court) The writ petitions before the Gujarat High Court challenged reassessment notices dated 30 March 2021 issued under Section 148 of the Income-tax Act, 1961 for Assessment Years 2013–14, 2014–15, and 2015–16, along with orders disposing of the petitioner’s objections. The petitioner had filed original returns of income for all relevant years within the time prescribed under Section 139(1). However, the Assessing Officer recorded reasons alleging that the petitioner had not filed returns for certain years and had carried out transactio...