Case Law Details
Case Name : R.K. Bullion Vs Asstt. Commissioner of Income Tax Central and Others (Madhya Pradesh High Court)
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All High Courts Madhya Pradesh HC
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R.K. Bullion Vs ACIT Central and Others (Madhya Pradesh High Court)
In the case of R.K. Bullion Vs ACIT Central and Others, the Madhya Pradesh High Court addressed the legality of a reassessment notice issued under Section 148A of the Income Tax Act, 1961. The petitioner, R.K. Bullion, a partnership firm dealing in gold and silver bullion, challenged an order passed on 28.03.2024, which directed reassessment for the Assessment Year 2017-18. The firm had previously filed its income tax return for the relevant period on 31.08.2017, which was accepted after scrutiny. However, a subsequent investi...
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