2017 (3) TMI 46 - SCH - Income Tax

Reopening of assessment - reasons to believe - Held that - We are informed that the Assessing Officer has already passed the Assessment Order. In these circumstances, it would be open to the petitioner to file an appeal and challenge the Assessment Order. The petitioner will be permitted to raise all the pleas which are available to it and the Commissioner of Income Tax (Appeals) shall decide the appeal without being influenced by the observations made in the impugned order. HC Ref case -2016 (7) TMI 328 - BOMBAY HIGH COURT

Summary

The Supreme Court condoned the delay and allowed the petitioner to file an appeal challenging the Assessment Order. The Commissioner of Income Tax (Appeals) should decide the appeal without being influenced by the observations in the impugned order.