2021 (12) TMI 1478 - HC - Income Tax

Validity of Reopening of assessment - HELD THAT - As Petitioner has chosen not to press this matter at this stage. We have chosen not to go into the merits of the matter. This disposal will not come in the way of the petitioner in pursuing other legal remedies.

Summary

Issues: Challenge to reopening of Assessment for Assessment Years 2013-2014, 2014-2015, and 2015-2016 under Section 148 of the Income Tax Act, 1961.

Analysis:
1. The petitioner challenged the notice dated 30.03.2021 under Section 148 of the Income Tax Act, 1961, for the Assessment Years 2013-2014, 2014-2015, and 2015-2016. The prayers included quashing the notice and order, staying implementation, and seeking further relief. The petitioner's advocate highlighted no transaction with Dishman Pharmaceuticals and Chemicals Ltd. for 2013-2014, while commissions were paid for subsequent years.

2. The court requested the senior counsel to obtain and review the relevant papers from the department before the next hearing on 10.12.2021. Subsequently, the senior advocate provided the papers, and both advocates were heard. The petitioner's advocate decided not to press the matter at this stage, and the court refrained from delving into the merits, allowing the petitioner to pursue other legal remedies without prejudice.