HC Quashes reassessment notice & order for absence of application of mind & errors in approval

Kartik Sureshchandra Gandhi Vs ACIT (Bombay High Court) The Bombay High Court recently held in the case of Kartik Sureshchandra Gandhi versus Assistant Commissioner of Income Tax (ACIT) that the reassessment notice issued under Section 148 of the Income Tax Act, 1961, along with the subsequent order passed under Section 148A(d), were both lacking jurisdiction and suffered from a clear absence of due diligence. The petitioner, Kartik Sureshchandra Gandhi, contested the reassessment notice dated 12th April 2023 for the Assessment Year 2019-2020, arguing that it failed to meet the necessary condi...