Telangana HC says reassessment notice need not be quashed

The Telangana High Court dismissed a challenge to reassessment proceedings under Sections 148A(3) and 148 of the Income-tax Act. The Court found that the reassessment order and consequential notice specifically adverted to the taxpayer’s reply and documents, including the explanation concerning commission receipts allegedly belonging to another individual. The Court held that the taxpayer could place the relevant material before the Assessing Officer during reassessment and pursue appellate remedies against the eventual assessment, if aggrieved.