2017 (12) TMI 1543 - HC - Income Tax

Reopening of assessment u/s 148 - Held that - Petitioner s objection to the reasons recorded while issuing of the reopening notice were disposed of on 20th November 2017. The period of four weeks from that date expires on 20th December 2017. Revenue seeks time to take instructions and file an affidavit in reply if necessary.In the above view at the request of the Revenue the Petition is adjourned to 12th January 2018. Till the next date there shall be ad-interim stay restraining the Revenue from acting further upon the Notice dated 31st March 2017.

Summary

The High Court of Bombay issued an order in response to a petition challenging a notice issued under Section 148 of the Income Tax Act, 1961 to reopen the assessment for Assessment Year 2010-11. The petitioner's objections were disposed of on 20th November, 2017, and the case was adjourned to 12th January, 2018 with an adinterim stay restraining the Revenue from further action on the notice.