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Reassessment Under Section 148: The Borrowed-Satisfaction Defence (2025-26)
Executive Summary The power to reopen an assessment under Section 148 of the Income Tax Act 1961 is among the most consequential and contested provisions in Indian tax law. It enab
Gujarat High Court on Reassessment Notices: Defining Validity and Protecting Taxpayer Rights
Introduction In a significant ruling that has implications for taxpayers and the Income Tax Department alike, the High Court of Gujarat at Ahmedabad, in its decision on reassessmen
