2015 (7) TMI 570 - HC - Income Tax

Admit on the following substantial question of law - Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in quashing the proceedings under Section 147 of the Income Tax Act on the ground that without disposing of the pending proceedings under Section 154 of the Income Tax Act for Assessment Year 2002-03, the Assessing Officer could not have initiated proceedings for reopening the assessment under Section 147 of the Income Tax Act for the same?

Summary

The Bombay High Court heard a case regarding the initiation of proceedings under Section 147 of the Income Tax Act for Assessment Year 2002-03 without disposing of pending proceedings under Section 154. The court admitted the substantial question of law related to this issue.