Corporate TaxArticle·8 July 2026
Karnataka HC Revives Reassessment Challenge
By J the App
Executive Summary
The Karnataka High Court, by its judgment dated 25 June 2026, allowed the Revenue's writ appeal in ATC Exports and remanded the reassessment dispute to the Single Judge for fresh adjudication.
The Court acted in conformity with the Supreme Court's recent decisions concerning the retrospective insertion of Section 147A of the Income-tax Act, which clarifies the meaning of "Assessing Officer" for reassessment proceedings.
Domain | Direct Tax | Corporate Tax
Background
The Single Judge had earlier ...
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