Gujarat HC Quashes Assessment as Section 68 Addition Was Made Without Reasons

Newturn Automation Private Limited Vs ITO (Gujarat High Court) The Gujarat High Court partly allowed the writ petition by quashing the assessment order passed under Section 147 read with Section 144B of the Income-tax Act and remanding the matter to the Assessing Officer (AO) for fresh adjudication. The challenge was directed against the order passed under Section 148A(d), the notice issued under Section 148, and the reassessment order dated 18.02.2026 for Assessment Year 2018-19. The petitioner, engaged in the business of trading and marketing parking lifts, boom barriers and gate automation,...