Case Law Details
Case Name : Sejal Jewellary & Anr. Vs Union of India & Ors. (Bombay High Court)
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All High Courts Bombay High Court
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Sejal Jewellary & Anr. Vs Union of India & Ors. (Bombay High Court)
Bombay High Court held that once search action u/s. 132 of the Income Tax Act is the foundation of the case, assessment could be initiated only under section 153A/ 153C. Thus, initiation of reassessment proceedings u/s. 147 is liable to be quashed.
Facts- The question which falls for consideration is whether in the facts and circumstances of the case, respondent 3 was correct in law in issuing a notice to the petitioner under Section 148 of the Income-tax Act, 1961 on the basis of a
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