Reassessment u/s 147 with Section 143(3) continues despite stay on final order, lawful under statute.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reassessment u/s 147 r.w.s 143(3) - continuance of assessment proceedings during stay period - The stay is operating against passing of the final assessment order. That does not mean that the continuation of the reassessment proceedings, in the mean time would be contrary to the statute.....