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2019 (4) TMI 966 - MADRAS HIGH COURTReopening of assessment - information received from the Information Wing on the basis of which the present proceedings have been initiated - HELD THAT:- Return filed by the petitioner was not taken up for scrutiny initially, and only an intimation under Section 143(1) has been issued, the assumption of jurisdiction in this case cannot be faulted, particularly since the respondent has, in the reasons for re-opening, cited tangible material upon which he rests his belief of escapement of income. As relying on RAJESH JHAVERI STOCK BROKERS P. LIMITED [2007 (5) TMI 197 - SUPREME COURT] there is no merit in this writ petition and the same is dismissed. The order of re-assessment dated 29.11.2017 thus stands revived in the light of the rejection of the objections of the petitioner dated 19.02.2018. The petitioner seeks and is granted liberty to challenge the order of re-assessment dated 29.11.2017 before the Commissioner of Income Tax (Appeals). Since the petitioner has been litigating against the proceedings for re-assessment from 19.12.2017 when it filed the first writ petition challenging the order of reassessment, the appeal shall be received by the Commissioner of Income Tax (Appeals), if filed within two weeks from today, without reference to limitation.
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