- 1 - HC-KAR NC: 2025:KHC:49244 WP No. 17852 of 2021 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27TH DAY OF NOVEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE S.R.KRISHNA KUMAR WRIT PETITION NO. 17852 OF 2021 (T-IT) BETWEEN: 1. WAY2WEALTH SECURITIES PRIVATE LIMITED NO.3/1 RUKMINI TOWERS PLATFORM ROAD SHESHADRIPURAM BENGALURU 560 020 (EARLIER NO.14 WALTON ROAD BENGALURU NORTH BENGALURU - 560 001) REP BY ITS AUTHORISED SIGNATORY MR TERKUNJATTAYYA KANNUR RAGHAVENDRA S/O T K RAMAKRSIHAN RAO AGED ABOUT 54 YEARS OCCUPATION: SERVICE R/AT 178, 1ST MAIN ROAD PADMANABAHANAGAR BSK 2ND STAGE BANGALORE - 560 070 …PETITIONER (BY SRI. BALACHANDRAN B.S., ADVOCATE) AND: 1. JOINT COMMISSIONER OF INCOME TAX (OSD) CENTRAL CIRCLE 1(3) BENGALURU CENTRAL REVENUE BUILDING QUEENS ROAD BENGALURU - 560 001 Digitally signed by SHARADAVANI B Location: High Court of Karnataka - 2 - HC-KAR NC: 2025:KHC:49244 WP No. 17852 of 2021 2. THE PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL BENGALURU CENTRAL REVENUE BUILDING QUEENS ROAD BENGALURU - 560 001 …RESPONDENTS (BY SRI. Y.V. RAVI RAJ, ADVOCATE AND SRI. M. DILIP, ADVOCATE ) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE RE- ASSESSMENT PROCEEDINGS INITIATED BY THE R1 VIDE THE IMPUGNED NOTICE DATED 30.06.2021 ANNEXURE-B ISSUED U/S 148 OF THE IT ACT FOR THE A.Y.2014-15 AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE S.R.KRISHNA KUMAR ORAL ORDER Learned counsel appearing for the petitioner has filed a memo seeking leave of the Court to dispose of the petition as the same has become infructuous. 2. The memo reads as under: - 3 - HC-KAR NC: 2025:KHC:49244 WP No. 17852 of 2021 " HEREIN, the memo on behalf of the Petitioner is as under: The Petitioner in the top-noted writ petition has challenged the notice dated 30.06.2021 (ANNEXURE 'B') issued by Respondent No.1 under section 148 of the Income-tax Act, 1961 ("Act") under the erstwhile provisions prior its amendment w.e.f., 01.04.2021. It is submitted that the Hon'ble Supreme Court in the case of Union of India vs. Ashish Agarwal (2022) 138 taxmann.com 64 (SC) while dealing with the aforesaid amendment and notices issued to the assessees under section 148 of the Act subsequent to the amendment, issued directions treating the notices issued under section 148 of the Act as show cause notice under section 148A(b) of the Act. The said directions were applicable pan India which applied to the notice dated 30.06.2021 in the Petitioner's case also. It is submitted that consequent to the directions of the Hon'ble Supreme Court in the case of Ashish Agarwal (supra), Respondent No.1 Issued fresh notice dated 26.05.2022 under section 148A(b) of the Act and thereafter completed the reassessment proceedings by passing the order dated 31.03.2023 accepting the returned income of the Petitioner, A copy of the reassessment order dated 31.03.2023 is enclosed as ANNEXURE-1. - 4 - HC-KAR NC: 2025:KHC:49244 WP No. 17852 of 2021 Given the above, it is submitted that the top-noted writ petition has become infructuous and may be dismissed as the prayer sought in the writ petition does not survive for consideration of this Hon'ble Court. 3. Accordingly, the petition is disposed of as having become infructuous. Sd/- (S.R.KRISHNA KUMAR) JUDGE YKL List No.: 2 Sl No.: 41