Reassessment Notice Quashed for Relying on Wrong Assessment Year Data

Sooriya Hospital Vs DCIT (Madras High Court) The Madras High Court considered a writ petition in the second round of litigation concerning the validity of reassessment proceedings initiated under the Income-tax Act, 1961. Earlier, the petitioner had been issued a notice under Section 148 under the unamended provisions applicable till 31 March 2021. The petitioner had challenged the jurisdiction of the assessing officer in issuing that notice. By a common order dated 4 February 2022, a Division Bench of the Madras High Court quashed such reassessment notices issued on or after 1 April 2021 unde...