Bombay HC sets aside Income Tax Reassessment Order in Citing Violation of mandatory unamended provisions under Section 144B

The Bombay High Court set aside an income tax reassessment order, citing a violation of the mandatory unamended provisions under Section 144B of the Income Tax Act. The court emphasized the importance of adhering to the correct legal procedures for reassessment, particularly the provisions that were in effect at the time of the reassessment proceedings. Non-compliance with these mandatory procedural requirements renders the reassessment order invalid. This ruling underscores the judiciary's focus on upholding due process in tax matters.