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2019 (1) TMI 1069 - HC - Income TaxReopening of assessment - Held that:- Reasons recorded, the Assessing Officer could not have formed the belief that the income chargeable to take has escaped assessment. It is further submitted that the Assessing Officer seeks to reopen the assessment on the basis of audited accounts and hence, the reopening is bad in law. Having regard to the submissions advanced by the learned advocate for the petitioner, issue Notice, returnable on 7th January 2019. Mrs. Mauna Bhatt, learned Senior Standing Counsel for the respondent waives service of notice. By way of ad-interim relief, the respondent may further proceed in pursuance to the impugned notice, however, not pass any final order without prior permission of the court.
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