Bombay High Court Quashes Reopening Notice and Order in Section 148 Proceeding. Assessee's Deduction Under Section 36(1)(viia) Could Not Be Reopened as Assessing Officer Had Considered Issue During Original Scrutiny and No New Material Justified Escapement.
7 Mar 2024The petitioner, a scheduled bank, challenged a notice issued under Section 148 of the Income Tax Act, 1961 seeking to reopen the assessment for Assess...
