Reassessment notice under Section 148 stayed ad-interim amid challenge to Assessing Officer's jurisdictional authority.

A reassessment notice under Section 148 for assessment year 2014-15 was challenged on the ground that the Assessing Officer lacked jurisdiction because the jurisdictional requirements were not satisfied. At the initial stage, the court allowed substitution of an annexure and gave the respondents time to take instructions and file a reply if necessary. Pending further hearing, the court granted ad-interim protection against the impugned notice.

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Issues: Challenge to a notice issued under Section 148 of the Income-tax Act, 1961 for assessment year 2014-15 on the ground that the Assessing Officer lacked jurisdiction because the jurisdictional requirements were not satisfied.

Analysis: The matter was at the initial stage. The petitioner sought substitution of an annexure, which was permitted. The respondents sought time to take instructions and file a reply, if necessary. Pending further hearing, the Court considered it appropriate to grant interim protection against the impugned notice.

Outcome: Ad-interim stay granted against the impugned notice. The petition was kept for further consideration.

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