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TMI Blog2025 (1) TMI 247X X X X Extracts X X X X X X X X Extracts X X X X ..... 2022 - Application of TOLA to the Income Tax Act after 1 April 2021 - As decided by HC [ 2023 (2) TMI 1378 - GUJARAT HIGH COURT] allowed assessee appeal quashing and setting aside the notice issued u/s 148 alongwith the order u/s 148A(d) of the self-same date. HELD THAT:- The issue involved in these Special Leave Petitions are squarely covered by the Judgment of this Court rendered in Union of Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he proceedings be dropped as the tax liability is less than Rs.50 lakh subject to verification of this particular fact. Special Leave Petition stands disposed of. - HON'BLE MR. JUSTICE J.B. PARDIWALA And HON'BLE MR. JUSTICE R. MAHADEVAN For the Petitioner : Mr. Raghavendra P Shankar, A.S.G. Mr. Raj Bahadur Yadav, AOR Mr. Amit Sharma (v), Adv. Mr. Chinmayee Chandra, Adv. Mr. Suyash Pandey ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icers will dispose of the objections in terms of the law laid down by this Court. Thereafter, the assessee who is aggrieved will be at liberty to pursue all the rights and remedies in accordance with law, save and except for the issues which have been concluded in the Judgment. 7. Pending applications, if any, also stand disposed of. SLP(C) No. 28036/2024 (Item No.62.1):- 1. The High Court relying ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... liability is below Rs.50 lakh. 3. All that the assessee has to do now is to point out to the assessing officer that he is covered by para 7 of the High Court s judgment and the proceedings be dropped as the tax liability is less than Rs.50 lakh subject to verification of this particular fact. 4. The Special Leave Petition stands disposed of. 5. In case of any further difficulty, it is open for the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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