Gujarat HC Quashed Reassessment Notice Due to Absence of Fresh Material After Scrutiny Proceedings

Gulbrandsen Private Limited Vs DCIT (Gujarat High Court) The Gujarat High Court examined a writ petition challenging a notice issued under Section 148 of the Income Tax Act, 1961, and an order passed under Section 148A(3), both relating to Assessment Year 2021–22. The petitioner had originally filed its return of income, which was processed and accepted under Section 143(1). Subsequently, the case was selected for scrutiny, and a notice under Section 143(2) was issued. During scrutiny, a show cause notice dated 13.12.2023 was issued proposing variations, including transfer pricing adjustment...