Bombay High Court Quashes Reassessment Notice for Lack of Valid Reason to Believe in Income Tax Act Case. Notice under Section 148 of the Income Tax Act, 1961 set aside as the Assessing Officer failed to form an independent opinion and relied on borrowed satisfaction from investigation wing without proper application of mind.
9 Jan 2023The petitioner, Saurashtra Infra & Power Pvt. Ltd., a company engaged in infrastructure development and running a Container Freight Station, filed its...




