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2017 (4) TMI 1106 - HC - Income TaxValidity of notice issued under Section 201 (1)/201(1A) - period of limitation - Held that:- In view of the above, we are of the considered opinion that the provision of Section 201 (3) of the Act as amended by the Finance Act 2 of 2014 is effective from 1.10.2014 only and would not apply retrospectively to any returns or to the proceedings which may have become conclusive with the passage of time on the expiry of the limitation under the unamended provision. Having said so, we take up the impugned notice dated 5.1.2016. It may be a notice under Section 201 (3) of the Act but it only requires the petitioner to furnish the certain information and nothing else. It is not even a show cause notice which may be taken for the purposes of passing an order as contemplated under Section 201 (3) of the Act. Therefore, we are of the opinion that there is no necessity or any justification for us to disturb or quash the above notice and it would be in the fitness of thing if the petitioner appears in response of the said notice and submits the desired information to keep its record straight and not necessarily to enable the respondents to pass any order under Section 201 (3) of the Act.
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