Delhi HC Restrains Income dept. from Taking Further Steps Pursuant to Order Passed u/s 148A (d)

The Delhi High Court restrained the Income Tax Department from proceeding with actions under Section 148A(d) of the Income Tax Act, 1961, following a recent ruling. Respondent representation by Mr. Kumar led to a six-week reply period. Petitioner granted two weeks for a rejoinder affidavit. \r

Justices Yashwant Varma and Purushaindra Kumar Kaurav upheld the reassessment action, citing precedent where the absence of incriminating material from a search invalidated reassessment. The court prohibited further steps based on the impugned order and notice dated February 21, 2024, under Sections 148A(d) and 148 of the Act.