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2023 (3) TMI 1408 - HC - Income TaxAssessment u/s 153C - Period of limitation in issuing notice - Search conducted at third party - HELD THAT:- As the impugned show-cause notice was issued to the petitioner on 04.02.2022, one year has already passed whereafter the present petition came to be filed. In absence of any plausable explanation as to delay and also in face of statutory remedy of objection available to the petitioner, which objection has also been filed, we do not consider it a fit case to offer any interference in exercise of extraordinary jurisdiction of this Court under Article 226 of the Constitution of India. Without adjudicating the merits of the objection raised by learned counsel for the petitioner and leaving it open to the petitioner to press those objections first before the Assessing Authority, whereafter the matter may be entertained on merits, present writ petition is disposed of with a direction upon respondent no.1 to deal with the assessment proceedings strictly in accordance with law, keeping in mind the observations made above.
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