2016 (6) TMI 1352

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....KAR, ADVOCATE For The Respondent : MRS MAUNA M BHATT, ADVOCATE COMMON ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) The petitioners have challenged the notices dated 15.9.2015 calling upon the petitioners to furnish some information including the petitioner's account for the assessment year 2009-10. Notices were issued in the background of section 201(1)/201(1A) of the Inco....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sub-section (1) at any time after expiry of seven years from the financial year in which payment is made or credit is given. The Assessing Officer, perhaps relying on this amended provision, has issued notices. Learned counsel submitted that amended sub-section (3) of section 201 of the Act has no retrospective applicability as held by this Court in the case of Tata Teleservices vs. Union of India....