Validity of reopening of assessment u/s 147 - notice issued u/s ...

Court Rules Against Premature Writ Petition u/s 148A of Income Tax Act to Preserve Tax Process Integrity.

October 4, 2022

Case Laws     Income Tax     HC

Validity of reopening of assessment u/s 147 - notice issued u/s 148A - this Court holds entertainment of the writ petition at the stage of notice would be premature. Doing so would frustrate the tax administration and adjudication process. This Court is alive to the fact that the statute under consideration, viz., the IT Act and rules framed thereunder, provides sufficient safeguard for the assessee-petitioner, more so, when against the final orders of adjudication, appeal lies. - HC

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