Reassessment Notice Not Issued In Terms Of Procedure Prescribed Under Faceless Assessment; Karnataka High Court Grants Interim Stay

The Karnataka High Court granted an interim stay on a reassessment notice issued under Section 148 of the Income Tax Act, 1961, which was not compliant with the Faceless Assessment procedure. Justice Sunil Dutt Yadav noted that the notice should have been issued by the National Faceless Assessment Centre, as per the E-assessment of Income Escaping Assessment Scheme, 2022. The petitioner, Suresh Chatrabhoj Bhanushali, contended that the jurisdictional assessing officer lacked the authority to issue such a notice, leading to the stay.