https://www.taxtmi.com/caselaws?id=389383 The Court granted an interim stay on a notice issued under Section 148 of the Income Tax Act, 1961 to reopen the assessment for Assessment Year 2012-13. The Court found that the notice lacked jurisdiction as there was no valid reason to believe that income had escaped assessment. The petitioner successfully argued that the notice was based on incorrect information and indicated a possible change of opinion by the Assessing Officer. Consequently, the Court ordered a stay on the notice until the final disposal of the petition. en-us Thu, 28 Nov 2019 00:00:00 +0530 Fri, 06 Dec 2019 15:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389383 The Court granted an interim stay on a notice issued under Section 148 of the Income Tax Act, 1961 to reopen the assessment for Assessment Year 2012-13. The Court found that the notice lacked jurisdiction as there was no valid reason to believe that income had escaped assessment. The petitioner successfully argued that the notice was based on incorrect information and indicated a possible change of opinion by the Assessing Officer. Consequently, the Court ordered a stay on the notice until the final disposal of the petition. Case-Laws Income Tax Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389383