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TMI Blog2015 (8) TMI 230X X X X Extracts X X X X X X X X Extracts X X X X ..... ER We have heard Sri N.C. Gupta, the learned counsel for the petitioner and Sri Ashok Kumar, the learned counsel appearing for the income tax department. The petitioner is a contractor and has a contract with the Indian Railways. The petitioner alleges that in order to pay wages to his workers, he was taking a sum of Rs. 2,80,000/- to the site when the same was seized by the Magistrate, Nawabgan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent indicates that upon coming to know of the seizure of the money by the Magistrate, a satisfactory note was drawn by the Additional Director (Investigation) Income Tax, Allahabad and, upon drawing satisfaction, proceedings under Section 132A of the Act was initiated and a requisition of the amount seized by the district authorities was made. The money was accordingly, requisitioned and is now wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is extracted hereunder:- "Provided also that the Central Government may by rules made by it and published in the Official Gazette (except in cases where any assessment or reassessment has abated under the second proviso), specify the class for classes of cases in which the Assessing Officer shall not be required to issue notice for assessing or reassessing the total income for six assessment year ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edure prescribed under Section 132B of the Act by making an assessment of that relevant assessment year under Section 153A of the Act but had no jurisdiction to reopen the assessment of the preceding years. Consequently, the notices dated 15th October, 2012 issued under Section 153A of the Act reopening the assessment proceedings for the year 2006-07 to 2011-12 are all quashed. Notice for making ..... X X X X Extracts X X X X X X X X Extracts X X X X
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