2020 (2) TMI 798 - HC - Income Tax

Reopening of assessment - HELD THAT - We reserved the judgment on 30th October, 2019. We have not been able to pronounce the same on account of the heavy workload. In the meantime, the period of limitation for the completing the reassessment will expire on 31st December, 2019. In these circumstances, the petitionerprays that the reassessment order that may be passed may not be enforced till the pronouncement of the judgment. In our view, the prayer is reasonable. We accordingly allow the same. Though the reassessment order may be passed but shall not be given effect to till the pronouncement of judgment.

Summary

The Delhi High Court reserved judgment on a case on October 30, 2019. The reassessment order will not be enforced until the judgment is pronounced, even if passed before that. The period of limitation for completing reassessment expires on December 31, 2019.