SC Dismisses Reassessment Case for Non-Compliance with Section 148A

ITO Vs R.K. Build Creations Private Limited (Supreme Court of India) The Supreme Court of India has dismissed a Special Leave Petition filed by the Income Tax Department concerning reassessment proceedings against M/s R.K. Build Creations Private Limited. The court’s decision, rendered on January 17, 2025, effectively upholds the stance taken by the Rajasthan High Court, which had earlier quashed the reassessment initiation order due to procedural irregularities under the revamped tax laws. The case originated from reassessment proceedings initiated by the Income Tax Officer (ITO) agains...