2021 (12) TMI 718 - RAJASTHAN HIGH COURT - Income Tax

Head Note / Extract:
Reopening of assessment post Application u/s 245D(4) accepted - Counsel submitted that the order passed under sub-section (4) of Section 245D of the Income Tax Act is a conclusive order and the same cannot be reopened in any of the proceedings - HELD THAT:- Issue notice of the writ petitions as well as stay applications, returnable on 24.01.2022. In the meanwhile, the respondents are restrained to proceed further in furtherance of the notices issued to the petitioners under Section 148 of the Income Tax Act and notice under sub section (1) of Section 142 of the Income Tax Act.