Reassessment Invalid Where Seized Document Did Not Match Agricultural Land Sale: Gujarat HC

Aditya H. Patel Vs ITO (Gujarat High Court) In the case of Aditya H. Patel Vs ITO, the Gujarat High Court examined the validity of reassessment proceedings initiated under Section 148 of the Income Tax Act for Assessment Year 2019-20. The petitioner, a salaried individual, had filed his return of income on 02.09.2019 declaring total income of Rs.10,12,110/-. Subsequently, based on material allegedly seized during a search conducted on 28.09.2021 in the case of B Safal Real Estate Group and City Estate Management India, the respondent recorded a satisfaction note on 15.03.2025 under Explanation...