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2019 (10) TMI 1004 - GUJARAT HIGH COURTReopening of assessment u/s 147 - HELD THAT:- As submitted that, after satisfying himself, the Assessing Officer had framed the assessment in the case of the firm vide order dated 25.02.2015 accepting the explanation given by the firm. As further pointed out that in this case, the reopening is based upon a search carried out at the premises of K. Star group on 17.08.2016. It was submitted that, under the circumstances, the Assessing Officer could not have assumed jurisdiction under section 147 of the Act and a notice under section 153C could have been issued, if permissible. Having regard to the submissions advanced by the learned counsel for the petitioner, issue Notice, returnable on 10th December 2019. By way of ad-interim relief, further proceedings pursuant to the impugned notice dated 29.03.2019 issued by the respondent under section 148 of the Income Tax Act, 1961 for the Assessment Year 2012-13 are hereby stayed. Direct service is permitted.
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