Bhargava Lodha Stock Brokers Private Limited v. Assistant Commissioner of Income Tax
Rajasthan HCCW/13856/2022
Case brief
AI extract
What is this about?
The High Court, echoing a view from a Punjab and Haryana HC judgment, held that Jurisdictional Assessing Officers retain jurisdiction to process initial Section 148 notices even under the new faceless regime. The Court directed the revenue to examine cases for limitation, time-bar, and those under Rs. 50 Lakhs as per Supreme Court guidelines in Rajeev Bansal.
What did the court decide?
The writ petitions in the bunch were disposed of. The revenue was directed to examine each case for limitation, value threshold (Rs. 50 lakhs), and valid processing by the JAO within two months.