Rajasthan HC Quashes Reassessment Order in Search Case

Shiv Vegpro Private Limited Vs Deputy / Assistant Commissioner Of Income Tax (Rajasthan High Court) In the case of Shiv Vegpro Private Limited Vs D/ACIT, the Rajasthan High Court quashed a reassessment order issued under the Income Tax Act. The dispute arose from proceedings initiated following a search conducted before April 1, 2021. The petitioner argued that the reassessment lacked validity based on procedural grounds. Both parties referred to the precedent set by the Division Bench of the Rajasthan High Court in Tirupati Construction Company Vs Income Tax Officer [(2024) 465 ITR 611 (Raj)]...