https://www.taxtmi.com/caselaws?id=410618 The court granted a stay on the notice dated 07.06.2021 issued under Section 148 of the Income Tax Act, 1961 for reassessment proceedings concerning Assessment Year 2003-2004. The respondent was directed to file a counter-affidavit within three weeks, with the petitioner allowed to file a rejoinder before the next hearing on 15.09.2021. The court's decision to grant a stay and allow further submissions from both parties reflects a fair and procedural approach, considering similar issues in other petitions and parallel proceedings in the Bombay High Court. en-us Wed, 07 Jul 2021 00:00:00 +0530 Thu, 05 Aug 2021 14:23:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410618 The court granted a stay on the notice dated 07.06.2021 issued under Section 148 of the Income Tax Act, 1961 for reassessment proceedings concerning Assessment Year 2003-2004. The respondent was directed to file a counter-affidavit within three weeks, with the petitioner allowed to file a rejoinder before the next hearing on 15.09.2021. The court's decision to grant a stay and allow further submissions from both parties reflects a fair and procedural approach, considering similar issues in other petitions and parallel proceedings in the Bombay High Court. Case-Laws Income Tax Wed, 07 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410618