Reassessment order u/s. 148A(d) beyond scope of notice is not sustainable: Delhi HC

J. G’s Departmental Store Vs ITO Ward 60(1) & Ors. (Delhi High Court) Delhi High Court held that reassessment order passed under section 148A(d) of the Income Tax Act beyond the scope of notice issued under section 148A(b) of the Income Tax Act is not sustainable and liable to be set aside. Facts- The Assessee is a partnership firm engaged in the business of operating a chain of departmental stores. The Assessee is running seven departmental stores in Delhi and held the necessary licenses for the sale of wine and beer. Being involved in retail trade, more than 90% of its sales were made ...