The Landmark Judgment: Rajasthan High Court quashes 148 notices issued on or after 01/04/2021.
The Landmark Judgment: Rajasthan High Court quashes 148 notices issued on or after 01/04/2021.
Rajasthan High Court has followed Allahabad High Coury order. High Court has quashed all 148 notices issued on or after 01/04/2021 without following the mandates of section 148A.
HC gave liberty to AO to initiate proceedings as per law.
Operative part of Rajasthan High Court Judgement :-
“ Therefore in my view the present petitions deserve to succeed.
Accordingly, the writ petitions are allowed. The re- assessment notice issued to the petitioners under Section 148 of the Income Tax Act is quashed. However, it is left open to the assessing authority to initiate re-assessment proceedings in accordance with the provisions of the Act, as amended by the Finance Act, 2021 after making due compliance as required under the law. A copy of this order be placed separately in each file.”
