High Court of Gujarat Quashes Reassessment Notice Issued Under Section 148A(d) and Section 148 of Income Tax Act, 1961 for Assessment Year 2018-19. Reassessment on ground that capital gains should be treated as business income due to change in directors was impermissible as same issue was already examined in original scrutiny assessment under Section 143(3), constituting a mere change of opinion.
10 Mar 2026The petitioner, an individual assessee, filed a return of income for Assessment Year 2018-19 on 27.07.2018 declaring total income of Rs. 27,26,64,000/...
