2023 (7) TMI 180 - SCH - Income Tax

Reopening of assessment u/s 147 - barred by limitation - Period of limitation to issue notice issued u/s 148A(b) - power to extend the time period under the first proviso to section 149(1) - scope of Taxation and Other Laws (Relaxation and Amendment of Certain Provision) Act, 2022 TLA Act - HELD THAT - Exemption from filing certified copy of the impugned judgment is granted. Issue notice, returnable on 10.07.2023. In the meantime, the impugned judgment and order passed by the High Court in 2023 (3) TMI 104 - GUJARAT HIGH COURT shall remain stayed.

Summary

The Supreme Court granted exemption from filing certified copy of the impugned judgment, issued notice returnable on 10.07.2023, and stayed the High Court's order dated 07.02.2023 in Special Civil Application No. 17321 of 2022. The case is connected with Special Leave Petition (C) No. 6706 of 2023.