Reassessment Set Aside as Notices Issued Outside Statutory Authority

Ajit Kanakaraddi Vs DCIT (Karnataka High Court) Faceless Reopening Reaffirmed: Karnataka HC Again Quashes Section 148 Notices Issued by Jurisdictional AOs The Karnataka High Court (Dharwad Bench) quashed a batch of reassessment notices issued under section 148 for multiple assessment years, holding that the jurisdictional Assessing Officer lacked authority to initiate reassessment proceedings outside the faceless regime mandated under section 151A of the Income-tax Act, 1961. The petitioners challenged reassessment notices issued in March 2024 and August 2024 on the ground that, after the CBDT...