https://www.taxtmi.com/caselaws?id=435096 The court considered a challenge to an order under Section 148A(d) and a notice under Section 148 of the Income Tax Act, 1961, as well as a notice under Section 148A(b) for AY 2015-16. The petitioner claimed exemption under Section 54F for selling shares and faced queries on the deduction claimed under Section 54F. The petitioner argued that reassessment was flawed due to an internal audit objection and lack of disclosure. The court accepted notice for the respondents, stayed the operation of the order and notices, and scheduled further hearings for detailed examination of the matter. en-us Wed, 25 Jan 2023 00:00:00 +0530 Fri, 10 Mar 2023 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435096 The court considered a challenge to an order under Section 148A(d) and a notice under Section 148 of the Income Tax Act, 1961, as well as a notice under Section 148A(b) for AY 2015-16. The petitioner claimed exemption under Section 54F for selling shares and faced queries on the deduction claimed under Section 54F. The petitioner argued that reassessment was flawed due to an internal audit objection and lack of disclosure. The court accepted notice for the respondents, stayed the operation of the order and notices, and scheduled further hearings for detailed examination of the matter. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435096