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Reassessment Notice Quashed by Gujarat High Court

Reassessment Notice Quashed by Gujarat High Court

Reassessment Notice Quashed by Gujarat High Court

In a significant judgment dated 27 January 2026, the Gujarat High Court quashed a reassessment notice issued under Sections 148A and 148 of the Income Tax Act in the case of Guruvayur Infratech Pvt. Ltd. vs ACIT (AY 2021-22).

Feb 172 min read

The Gujarat High Court quashed reassessment proceedings initiated under Sections 148 and 148A where the assessee had fully disclosed a loan transaction and duly offered interest income to tax.The Court held that mere suspicion, third-party non-cooperation, or investigation inputs cannot justify reopening when material facts are already on record.

The Gujarat High Court quashed reassessment proceedings initiated under Sections 148 and 148A where the assessee had fully disclosed a loan transaction and duly offered interest income to tax.The Court held that mere suspicion, third-party non-cooperation, or investigation inputs cannot justify reopening when material facts are already on record.

🚨 Reassessment Cannot Be Based on Suspicion Alone

What is disclosed and taxed cannot be treated as “income escaping assessment”.

Dec 26, 20253 min read

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