High Court Stay Stops Revenue from Reopening 2010 Tax Assessment

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 Tax Act, 1961 to reopen the assessment for Assessment Year 2010-11. The petitioner's objections were disposed of, and the case was adjourned.

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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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