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<h1>High Court Stay Stops Revenue from Reopening 2010 Tax Assessment</h1> The High Court of Bombay granted an adinterim stay restraining the Revenue from taking further action on a notice issued under Section 148 of the Income ... Reopening of assessment u/s 148 - Held that:- Petitioner's objection to the reasons recorded while issuing of the reopening notice were disposed of on 20th November, 2017. The period of four weeks from that date expires on 20th December 2017. Revenue seeks time to take instructions and file an affidavit in reply, if necessary.In the above view, at the request of the Revenue the Petition is adjourned to 12th January, 2018. Till the next date, there shall be ad-interim stay restraining the Revenue from acting further upon the Notice dated 31st March, 2017. The High Court of Bombay issued an order in response to a petition challenging a notice issued under Section 148 of the Income Tax Act, 1961 to reopen the assessment for Assessment Year 2010-11. The petitioner's objections were disposed of on 20th November, 2017, and the case was adjourned to 12th January, 2018 with an adinterim stay restraining the Revenue from further action on the notice.
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