Court Orders Quashing of Reopened Proceedings Defying Mandatory Procedure Under Section 151A: Bombay High Court

In a recent ruling by the High Court of Judicature at Bombay, a critical judgment was delivered concerning the procedural validity of reassessment notices issued under the Income Tax Act, 1961. The case in question is Writ Petition No. 2500 of 2022, where the petitioner, Tilak Ventures Ltd., challenged the issuance of a notice under Section 148 of the Act. Case Background: Tilak Ventures Ltd. filed a writ petition challenging…