HC slams AO for issuing reassessment notice relying on overruled judgment

Proceedings initiated on basis of notice issued under section 147/148 relying on judgment which had been overruled on date on which notice was issued were to be set aside being a serious misconduct on part of Assessing Officer

Where Assessing Officer had not examined whether, in fact, bad debt or part thereof was written off in accounts of assessee, matter was to be remitted back to Assessing Officer for de novo consideration

Refer:[2019] 101 taxmann.com 235 (Rajasthan)/[2018] 409 ITR 242 (Rajasthan)