Karnataka HC quashes Income Tax Notice u/s 148, Grants Chance to Submit Replies before Department

The Karnataka High Court quashed an income tax notice issued under section 148 of the Income Tax Act, granting the taxpayer an opportunity to submit their replies to the department. The case involved the reopening of an assessment based on new information. The court held that the notice was invalid as it failed to provide adequate opportunities for the taxpayer to respond. This decision emphasizes the importance of procedural fairness in income tax assessments, ensuring that taxpayers are given a fair chance to present their case before the department proceeds with any re-assessments.