Corporate TaxArticle·30 July 2026

Reassessment notice quashed

By J the App

Executive Summary

The Karnataka High Court, by order set aside the notices issuedand held that, following the Supreme Court's decision in Rajeev Bansal and the Karnataka High Court's earlier ruling in Venkatala Iyappa Rajanna, reassessment proceedings initiated after 1 April 2021 for AY 2015-16 were unsustainable.

Domain | Corporate Tax | Direct Tax

Background

The petitioner challenged the...

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