Reassessment proceedings in absence of adequate reasoning is erroneous

Anilaben Rohitbhai Modi Vs ITO (High Court Gujarat)

Gujarat High Court held that in absence of adequacy of reasons and its relevancy thereof, initiation of reassessment proceedings under section 148 of the Income Tax Act is erroneous and hence liable to be set aside.

Facts- The petitioner is an individual and citizen of India and was holding a parcels of land with other co-owners. The said parcels of land along with many others were required for public purposes and as such

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