Allowed
M/S Omaxe Pancham Realcon Private Limited v. Deputy Commissioner of Income Tax Central Circle I and Others
Punjab & Haryana HCCWP/16840/2025
Case brief
AI extract
What is this about?
In an oral judgment, the High Court allowed the petitioner's petition by following its earlier decision in Jyoti Sareen Vs. Union of India and others. The court quashed a reassessment notice issued under Section 148 of the Income Tax Act, 1961, along with consequential proceedings, based on the parties' consensus.
What did the court decide?
Petition allowed; impugned notice dated 21.03.2023 issued under Section 148 of the Income Tax Act, 1961 and consequential proceedings quashed.