https://www.taxtmi.com/caselaws?id=456793 Interim protection was granted against a reassessment initiation order passed under section 148A(d) and the consequential notice under section 148, in a writ concerning AY 2015-16. The petitioner had challenged the reopening on the basis that the explanation given in response to the section 148A(b) notice had earlier been accepted, while the Assessing Officer later proceeded on a different footing by questioning the source of funds used to repay part of the loan. The stay operates on the impugned order and notice until further orders, pending fuller consideration of the challenge. en-us Mon, 27 Mar 2023 00:00:00 +0530 Wed, 14 Aug 2024 21:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456793 Interim protection was granted against a reassessment initiation order passed under section 148A(d) and the consequential notice under section 148, in a writ concerning AY 2015-16. The petitioner had challenged the reopening on the basis that the explanation given in response to the section 148A(b) notice had earlier been accepted, while the Assessing Officer later proceeded on a different footing by questioning the source of funds used to repay part of the loan. The stay operates on the impugned order and notice until further orders, pending fuller consideration of the challenge. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456793