2019 (12) TMI 1565 - HC - Income Tax

Reopening of assessment u/s 147 - Petitioner challenges the Notice u/s 148 - Main contention raised by the Petitioner is that AO has no jurisdiction to proceed to issue the notice as the jurisdictional requirements are not present - HELD THAT - Respondents seeks time to take instructions and file reply if necessary. Considering the averments made in the Petition and that respondents are seeking time there shall be ad-interim stay to the impugned notice.

Summary

The Bombay High Court granted leave to the Petitioner to substitute a document titled FORM NO. 3CEB with a correct Annexure by 13 January 2020. The Petitioner challenged a Notice dated 31 March 2019 under Section 148 of the Income Tax Act for the Assessment Year 2014-15, claiming lack of jurisdiction by the Assessing Officer. Respondents sought time to file a reply, leading to an ad-interim stay on the notice until 24 February 2020.