https://www.taxtmi.com/caselaws?id=448962 The Bombay HC stayed the operation of notices under sections 142(1), 148, and 148A pending further proceedings. The petitioner challenged the reopening of assessment under section 147, arguing that the Assessing Officer failed to obtain mandatory prior approval from the specified authority before issuing show cause notice under section 148A, as required by the Supreme Court's decision in Ashish Agarwal. The court found merit in the petitioner's contention that the procedure was arbitrary and violated statutory safeguards, particularly the requirement for prior approval at every stage of the reassessment process. en-us Fri, 17 Nov 2023 00:00:00 +0530 Fri, 02 Feb 2024 07:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448962 The Bombay HC stayed the operation of notices under sections 142(1), 148, and 148A pending further proceedings. The petitioner challenged the reopening of assessment under section 147, arguing that the Assessing Officer failed to obtain mandatory prior approval from the specified authority before issuing show cause notice under section 148A, as required by the Supreme Court's decision in Ashish Agarwal. The court found merit in the petitioner's contention that the procedure was arbitrary and violated statutory safeguards, particularly the requirement for prior approval at every stage of the reassessment process. Case-Laws Income Tax Fri, 17 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448962