HC Quashes 148A(d) & Ex-Parte Assessment; Matter Restored to 148A(b) Stage for Fresh Reply

Sabeer Husain Johura Vs Assessment Unit (Karnataka High Court) The Karnataka High Court set aside the order passed under Section 148A(d), the consequent notice under Section 148, and the ex-parte assessment order for AY 2017–18, on the ground that the assessee had not participated and alleged non-receipt of notice under Section 148A(b). The Court observed that issues such as cash withdrawals (which cannot automatically be treated as income escapement) and the ₹50 lakh threshold for reopening beyond three years required proper consideration. Accordingly, the matter was remitted to the stage...