2021 (1) TMI 17 - MADRAS HIGH COURT - Income Tax

Head Note / Extract:
Reopening of assessment u/s 147 - Assessee submits that in view of the long gap of time, the re-assessment under Sections 147-148 of the Act, despite the order of the learned Single Judge, has now become time barred - HELD THAT:- As assessee submits that he need not press the challenge against the order of the learned Single Judge, before this Court, in this intra-court Appeal and the Appellant/Assessee may be left free to take appropriate legal remedy against the re-assessment order, if any, passed by the Assessing Authority, for AY 2007-08. Writ Appeal is accordingly dismissed as infructuous, with the aforesaid liberty to the Appellant / Assessee