2016 (3) TMI 1079 - SCH - Income Tax

Time for issuing notice under Section 143(2) - Time extension - Held that - The time stipulated by the High Court for completing the assessments, as directed by the High Court, for the years for which notices under Section 143(2) of the Income Tax Act, 1961 have already been issued, is extended by a month from today. Needless to say that in case the time for issuing notice under Section 143(2) of the Act has not expired, it will be open for the Revenue to decide whether notice should be issued at all.

Summary

The Supreme Court dismissed the special leave petition and upheld the interim order passed by the High Court. The High Court was requested to expedite the disposal of the Writ Petition within three months. The time for completing assessments under the Income Tax Act was extended by a month. Revenue was given discretion on issuing notices under Section 143(2) of the Act. Pending applications were disposed of.