2023 (1) TMI 674 - SCH - Income Tax
Scope of alternative remedy - Reopening of assessment u/s 147 - notice under Section 148A(b) - High Court [2022 (6) TMI 417 - PUNJAB & HARYANA HIGH COURT] held in the impugned judgment observing that the writ petition would not be maintainable in view of the alternative remedy - proceedings initiated are yet to be concluded by a statutory authority.
HELD THAT:- We with the petitioner that the impugned judgment rejecting the writ petition on the ground of alternative remedy does not take into consideration several judgments of this Court, on the jurisdiction of High Court, as writ petitions have been entertained to be examined whether the jurisdiction preconditions for issue of notice under Section 148 of the Income Tax Act, 1961 is satisfied. The provisions of reopening under the Income Tax Act, 1961 have undergone an amendment by the Finance Act, 2021, and consequently the matter would require a deeper and in depth consideration keeping in view the earlier case law.
Accordingly, we set aside the observations made by the High Court in the impugned judgment observing that the writ petition would not be maintainable in view of the alternative remedy, clarify that this issue would be examined in depth by the High Court if and when it arise for consideration. We do deem it open to examine this issue in the present case after having examined the notice under Section 148A (b) including the annexure thereto, the reply filed by the petitioner and the order under Section 148A (d) of the Income Tax Act, 1961.