SC Declines Relief in Reassessment Dispute as Assessee Should Cooperate With Tax Inquiry

Tmen Systems Private Limited Vs ACIT (Supreme Court of India) The matter arose from reassessment proceedings initiated under the Income Tax Act, 1961 for Assessment Year 2020–21. The assessee challenged a notice dated 21.03.2024 issued under Section 148A(b), the order dated 12.04.2024 passed under Section 148A(d), and the consequential notice dated 12.04.2024 issued under Section 148. The petition before the Delhi High Court sought quashing of these actions on the ground that they were issued without authority and jurisdiction, violated the provisions of the Act and principles of natural jus...