Section 148A(b): Disclosure of materials on which AO formed opinion

Udaan Hotels & Resorts Private Ltd. Vs Union of India & Ors. (Calcutta High Court)

The case of Udaan Hotels & Resorts Private Ltd. vs Union of India & Ors. has brought to light a significant question regarding the workings of the Income Tax Act, 1961. The primary concern: whether the materials upon which an opinion was formed by the Assessing Officer under Section 148A(b) need to be disclosed to the petitioner. This ruling has brought into focus the dynamics of full disclosure during the assessment process.Please become a Premium member. If you are already a Premium member, login here to access the full content.