2016 (6) TMI 1302 - HC - Income Tax

Re-opening of the assessment order u/s 147 - Held that - the notice for re-opening should be withdrawn based on the reasons supplied to the petitioner, with a view to issuing a fresh notice after recording fresh reasons - thus if fresh notice is issued, the petitioner may consider challenging it in accordance with law - Petition is disposed.

Summary

The Gujarat High Court disposed of the petition as the respondent Assessing Officer agreed to withdraw the impugned notice for re-opening the assessment and issue a fresh notice after recording fresh reasons. The validity of the notice was not decided in this petition.