Reassessment Proceedings: AO’s ‘Reason to Believe’ Requirement Eliminated

Ravindra Pratap Shahi Vs Union of India And 2 Others (Allahabad High Court) The case of Ravindra Pratap Shahi Vs Union of India And 2 Others, adjudicated by the Allahabad High Court, pertains to the challenge raised against reassessment proceedings initiated under Section 147 read with Section 148 of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’), as well as the order passed by the Assessing Authority under Section 148A(d) of the Act. The petitioner contests the validity of the reassessment proceedings on several grounds. Firstly, it is argued that there is no rele...