2022 (7) TMI 1272 - SCH - Income Tax

Reopening of assessment u/s 147 - notice u/s 148A(b) - contention raised by petitioner is that there is no escapement of income which can form basis for proceeding against the petitioner also non considering objections submitted by the petitioner in response to notice under Section 148A(b) - HC held there is no reason to warrant interference by this Court in exercise of the jurisdiction under Article 226/227 of the Constitution of India at this intermediate stage when the proceedings initiated are yet to be concluded by a statutory authority - HELD THAT - Having heard learned Senior counsel appearing for the petitioner and on carefully perusing the material available on record, we see no reason to interfere at this stage. However, all contentions of the petitioner are left upon to be urged at the appropriate stage - The Special Leave Petition is, accordingly, disposed of on the aforestated terms.

Summary

The Supreme Court, in a vacation bench comprising Justice A.S. Bopanna and Justice Vikram Nath, heard a case where the petitioner's contentions were not interfered with at the current stage. The Special Leave Petition was disposed of with the petitioner's contentions left to be raised at the appropriate stage.