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2021 (4) TMI 1111 - HC - Income TaxReopening of assessment u/s 147 - re-opening beyond a period of four years - DGIT (Investigation) has for forwarded information regarding Assessee who had taken bogus purchase bills to reduce and suppress profits - HELD THAT:- There is some merit in the case. Till the next date, there shall be ad-interim relief in terms of prayer clause (d) which reads thus:- “ that pending the hearing and final disposal of the present petition, this Court may be pleased to stay the operation of the notice dated 28th March, 2019 (“Exhibit E”), subsequent proceeding which has been undertaken in consequence of the said notice and the subsequent order dated 29th March, 2021 (“Exhibit T”) and grant an injunction restraining the Respondents, their subordinates, servants, agents, successors-in-office from taking any steps in furtherance or in implementation of the notice dated 28th March, 2019 (“Exhibit E”) subsequent proceeding which has been undertaken in consequence of the said notice and the subsequent order dated 29th March, 2021 (“Exhibit T”).”
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