Madras HC Upholds Jurisdictional AO’s Power to Issue Section 148A Notice

Ontivillu Gopidoss Jothilakshmi Vs ITO (Madras High Court) The petitioner challenged the order dated 27.03.2024 passed under Section 148A(d) of the Income-tax Act, 1961 for Assessment Year 2017-18. The impugned order concluded that income of ₹1,30,36,000 had escaped assessment, held that the requirements of Section 149(1) were satisfied, and approved issuance of notice under Section 148 with the prior approval of the Chief Commissioner of Income Tax, Madurai under Section 151(ii). The record showed that during Financial Year 2016-17, the petitioner had cash transactions and had sold immovabl...