Information from ‘Insight Portal’ Valid for Reassessment u/s 148 of Income Tax Act: Rajasthan HC dismisses Writ Petitions [Read Order]

The court held that it sufficiently explained the reasons for potential reassessment and the reliance on information from the ‘insight portal’ as part of the department's risk management strategy
Rajasthan High Court - Rajasthan HC dismisses Writ Petitions - Reassessment under section 148 - taxscan

The Rajasthan High Court has dismissed a writ petition, upholding the use of information gleaned from the ‘insight portal’ of the Income Tax Department as grounds for reopening income tax assessments under Section 148 of the Income Tax ( IT ) Act, 1961. M/s Tirumala Enterprises, the petitioner, engaged in trading of marbles, stones, granite…

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