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2022 (5) TMI 630 - HC - Income TaxReopening of assessment u/s 147 - Notice u/s 148A(b) issued/passed in the name of Bioseed Research India Pvt. Ltd., yet the same had been served upon the successor entity i.e. DCM Shriram Ltd - HELD THAT:- Having heard learned counsel for the parties, the admitted position is that the assessment of the petitioner company i.e. DCM Shriram Ltd. for the assessment year 2018-19 has not concluded yet and the same is pending adjudication before DRP. Consequently, this Court is in agreement with the submission of the petitioner that notice for reassessment could not have been issued to the petitioner for the assessment year 2018-19. Accordingly, on this short ground alone, the present writ petition and application are allowed. If the law permits the respondent/revenue to take further steps in the matter, it shall be at liberty to do so.
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