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2022 (3) TMI 1244 - HC - Income TaxReopening of assessment u/s 147 - entitled to the benefit of Section 80P - Writ petitioners submitted that in view of the change in scenario, the respondents / co-operative societies are inclined to appear before the assessing officer, by submitting their explanations and seek the reason for issuance of the notices u/s 148 of the Act and thereafter, act upon in the manner known to law - HELD THAT:- We are not inclined to interfere with the order impugned herein. However, the appellant shall submit the reasons for reopening the assessment under section 148 of the Act, within a period of two weeks from the date of receipt of a copy of this judgment. On receipt of the same, the respondents / co-operative societies shall file their objections to the notices issued u/s 148, within a period of four weeks. Thereafter, the appellant shall consider the same and pass appropriate orders, in the manner known to law, as expeditiously as possible.
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