Writ dismissed as reassessment notice u/s. 148 held to be in time

Kandasamy Veluswamy Vs ACIT (Madras High Court)

Madras High Court held that reassessment notice under section 148 of the Income Tax Act for Assessment Year 2014-2015 issued on 29.07.2022 issued under new regime is held to be in time. Accordingly, writ petition stands dismissed.

Facts- In this Writ Petition, the Petitioner has challenged the impugned order dated 29.07.2022 passed under Section 148A(d) of the Income Tax Act, 1961 and the impugned notice dated 29.07.2022 issued under Section 148 of the Act for the Assessment Year 2014-2015 under the new regime

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