https://www.taxtmi.com/caselaws?id=311132 The court granted interim relief to the petitioner, staying both the notice issued under Section 148 and the order under Section 148A(d) of the Income Tax Act, 1961, until the next hearing. The court found that the alleged escaped income of Rs. 14,30,000 was below the Rs. 50 lakhs threshold specified in Section 149(1)(b), rendering the notice and order unjustified. The Revenue's reliance on a CBDT circular was insufficient to override the statutory provisions. The stay allows the respondent time to file a reply. en-us Thu, 20 Apr 2023 00:00:00 +0530 Mon, 11 Dec 2023 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311132 The court granted interim relief to the petitioner, staying both the notice issued under Section 148 and the order under Section 148A(d) of the Income Tax Act, 1961, until the next hearing. The court found that the alleged escaped income of Rs. 14,30,000 was below the Rs. 50 lakhs threshold specified in Section 149(1)(b), rendering the notice and order unjustified. The Revenue's reliance on a CBDT circular was insufficient to override the statutory provisions. The stay allows the respondent time to file a reply. Case-Laws Income Tax Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311132