Section 148A(b) Notice Cannot Be Used to Collect Information: SC

ITO Vs ONIR Infraspace Private Limited (Supreme Court of India) The Supreme Court dismissed the Revenue’s Special Leave Petition (SLP) challenging the Gujarat High Court’s decision quashing a reassessment notice and the corresponding order under Sections 148A(b), 148A(d), and 148 of the Income Tax Act, 1961. The Supreme Court found no ground to interfere with the High Court’s reasoning and upheld its judgment, thereby affirming that the initiation of reassessment proceedings suffered from fundamental procedural infirmities. Before the High Court, the assessee challenged a notice issued ...