Reassessment u/s. 148A(b) initiated within prescribed time limit u/s. 149(1) is valid

Chandra Shekhar Vs PCIT (Patna High Court)

Patna High Court held that reassessment proceedings under section 148A(b) of the Income Tax Act is justifiable since proceedings initiated within a three year period as per section 149(1) of the Income Tax Act.

Facts- Petitioner is income tax assessee for the assessment year 2020-21. Notice was issued to the petitioner on 28.03.2024 u/s. 148 A (Clause b) of the Income Tax Act, 1961. Petitioner had submitted reply on 31.03.2024. Pursuant to the petitioner’s reply yet another notice was issued on 22.04.2024 to the p

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