https://www.taxtmi.com/caselaws?id=353458 The court granted an interim stay in favor of the petitioner in a case challenging a Notice under Section 148 of the Income Tax Act, 1961 for reopening assessment for Assessment Year 2010-11. The court held that the Assessing Officer did not have sufficient reason to believe that income had escaped assessment, citing precedents Commissioner of Income Tax Vs. Gagandeep Infrastructure Pvt. Ltd. and Commissioner of Income Tax Vs. Lovely Exports (P) Ltd. The petitioner was given two weeks to remove objections, failing which could lead to dismissal of the petition and vacation of the interim relief. en-us Fri, 15 Dec 2017 00:00:00 +0530 Thu, 04 Jan 2018 09:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353458 The court granted an interim stay in favor of the petitioner in a case challenging a Notice under Section 148 of the Income Tax Act, 1961 for reopening assessment for Assessment Year 2010-11. The court held that the Assessing Officer did not have sufficient reason to believe that income had escaped assessment, citing precedents Commissioner of Income Tax Vs. Gagandeep Infrastructure Pvt. Ltd. and Commissioner of Income Tax Vs. Lovely Exports (P) Ltd. The petitioner was given two weeks to remove objections, failing which could lead to dismissal of the petition and vacation of the interim relief. Case-Laws Income Tax Fri, 15 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353458