TMI Blog2021 (8) TMI 196X X X X Extracts X X X X X X X X Extracts X X X X ..... ns, as well. Given the fact that the department is contesting the very same issue in the Bombay High Court as well, wherein, an interim stay has been granted qua the proceedings before that Court, in the fitness of things, in our view, a similar direction needs to be issued in this matter, especially having regard to the fact that the matter pertains to AY 2003-2004. Accordingly, issue notic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1961 (in short the Act ), for initiation of reassessment proceedings. 3. The impugned notice concerns Assessment Year ( AY ) 2003-2004. 4. Ms. Kavita Jha, learned counsel who appears on behalf of the petitioner, says that the issue, which is raised in the instant petition, is also pending consideration before the Bombay High Court. For this purpose, our attention has been drawn to Annexure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... notice. 10. Mr. Puneet Rai, learned senior standing counsel, accepts notice on behalf of the respondents/revenue. 11. Counter-affidavit will be filed within three weeks. Rejoinder thereto, if any, will be filed before the next date of hearing. 12. In the meanwhile, there shall be a stay on the operation of the impugned notice dated 07.06.2021. 13. List the matter on 15.09.2021. - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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