Reopening of assessment based on incorrect facts or conclusions cannot be sustained

Arvind Sahdeo Gupta Vs ITO (Bombay High Court)

Bombay High Court held that if the reasons for re-opening the assessment are based on incorrect facts or conclusions, the notice issued under section 148 of the income Tax Act for re-opening cannot be sustained.

Facts- Vide the present writ petition, the petitioner has challenge issuance of notice dated 24/03/2020 u/s. 148 of the Act of 1961 on the grounds that the said notice has been issued on incorrect facts, no reasons hav

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