https://www.taxtmi.com/caselaws?id=371364 The High Court granted the respondents three weeks to file a counter affidavit and the petitioner one week to file a rejoinder affidavit in response to the challenge to re-assessment proceedings under Section 147 of the Income Tax Act. The court ordered a stay on further proceedings related to the notice under Section 148 for the assessment year 2011-2012 until the next listing date. This decision aimed to ensure fair and independent adjudication of the petitioner's contentions regarding the transfer pricing report and tax liability under Section 92-C(A) of the Act. en-us Wed, 28 Nov 2018 00:00:00 +0530 Mon, 03 Dec 2018 09:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371364 The High Court granted the respondents three weeks to file a counter affidavit and the petitioner one week to file a rejoinder affidavit in response to the challenge to re-assessment proceedings under Section 147 of the Income Tax Act. The court ordered a stay on further proceedings related to the notice under Section 148 for the assessment year 2011-2012 until the next listing date. This decision aimed to ensure fair and independent adjudication of the petitioner's contentions regarding the transfer pricing report and tax liability under Section 92-C(A) of the Act. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371364