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2020 (2) TMI 657

..... ituation, we need not adjudicate this writ application any further on merits. However, at this stage, Mr. Soparkar, the learned counsel appearing for the assessee pointed out that his client, as on date, has not received any intimation in this regard in writing. Since a statement is made by the learned counsel appearing for the Revenue and the communication in writing is also taken on record, the .....

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..... ther and further relief deemed just and proper be granted in the interest of justice. 2. This is a case of reopening of the assessment under Section 147 of the Income Tax Act, 1961. 3. On 21st December, 2018, a Coordinate Bench of this Court passed the following order; 1. The learned advocate for the petitioner has tendered a draft amendment. The amendment is allowed in terms of the draft. The sam .....

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..... perty in question is clearly shown in the balance sheet of C.R. Patil Sankul . It was further pointed out that the petitioner has drawn the attention of the Assessing Officer to all these facts in the objections raised against the reopening to the effect that the property being stock-in- trade is reflected in the books of accounts of the petitioner's proprietary concern C.R. Patil Sankul in re .....

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..... eed further pursuant to the impugned notice; he, however, shall not pass the final order without the permission of this court. Direct service is permitted. 4. Today, when the matter is taken up for hearing, Ms. Kalpana Raval, the learned standing counsel appearing for the Department, places on record a communication in writing received by her from the office of the Assistant Commissioner of Income .....

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..... acceptable to the department, reopening was done as per the guidelines dealing with audit objections. However, the audit itself has dropped the objection. Hence, the proceedings under sec. 147 reopening the assessment have been dropped. Thus, the Honourable Court may kindly be intimated that subject notice has been withdrawn. The petition may be decided upon accordingly. 5. The communication is or .....

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