Home Case Index All Cases Income Tax Income Tax + SCH Income Tax - 2022 (10) TMI SCH This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (10) TMI 377 - SCH - Income TaxReopening of assessment u/s 147 - Necessity to issue reasons of notice u/s 147 - HELD THAT:- The impugned order [2022 (1) TMI 1280 - BOMBAY HIGH COURT] it has been rightly contended, is a non-speaking and cryptic order. However, we are not inclined to issue notice in the present special leave petition and leave it open to the petitioner to file return of income under protest within one month, without prejudice to the rights and contentions, and ask for the reasons for issue of notice under Section 147 of the Income Tax Act, 1961. The procedure as prescribed in “GKM Driveshafts (India) Ltd. [2002 (11) TMI 7 - SUPREME COURT] would be followed by the assessing officer. In case of an adverse order, it will be open to the petitioner to challenge the same. Special leave petition is dismissed.
|