Interim Relief Granted Against Reassessment Issued Without Considering Reply

IVL Dhunseri Petrochem Industries Private Limited Vs Union of India & Ors. (Calcutta High Court) The Calcutta High Court examined a writ petition challenging a notice issued under section 148 of the Income-tax Act, 1961, initiating reassessment proceedings for Assessment Year 2021-22. The petitioner contended that the notice was issued without any information suggesting escapement of income, which is a mandatory jurisdictional requirement. After receiving the reassessment notice, the petitioner sought disclosure of the information forming the basis of the notice and also raised objections ...