Income Tax Officer v. Vyavasaya Seva Sahakara Bank Limited
Direct tax – Reassessment – Notice under Section 148A(b) of the Income-tax Act, 1961 – Opportunity of minimum seven days to respond
Case brief
What is this about?
Karnataka High Court Division Bench (S.G. Pandit & K. Manmadha Rao, JJ.), oral judgment 04.06.2026 in WA No.1361/2026 (T-IT): Income Tax Department's writ appeal against Single Judge's order in WP No.4080/2025 dismissed by following W.A.No.1141/2026 and the Venkatala Iyyappa Rajanna line (W.A No.612 of 2025). Key terms: Section 148A(b) notice; less than seven days' time for compliance; minimum seven-day period mandatory vs directory; Section 148A extension up to thirty days; consequential invalidity of Section 148A(d) order, Section 148 notice, Section 147/144 assessment, Sections 271AAC(1) and 272A(1)(d) penalty notices; National Faceless Assessment Centre; co-operative bank assessee, Mandya; Income-tax Act, 1961.
What did the court decide?
None to the appellants — writ appeal dismissed in terms of the order dated 17.04.2026 in W.A.No.1141/2026; pending Interlocutory Application/s, if any, disposed of.