2020 (7) TMI 397

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.... Tax<br>Mr. Justice R. Mahadevan For the Petitioner : Mr.Arun Kurian Joseph For the Respondents : Mrs.Hema Muralikrishnan Standing Counsel ORDER According to the petitioner, he is an Income Tax Assessee. He had filed his returns for the assessment year 2012-13 on 28.07.2012 admitting a total income of Rs. 3,56,08,020/-. After scrutiny of the same, the first respondent passed an assessm....

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....ssessment year 2012-13 had escaped assessment and hence, it was proposed to reassess the income and the petitioner was called upon to file his returns. Accordingly, the petitioner filed his returns on 13.03.2019. Thereafter, the assessment was reopened and the reassessment order was passed on 27.12.2019, wherein addition was made under short-term capital gains and long-term capital gains and th....

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.... to the second respondent to dispose of the appeal filed by the petitioner as against the reassessment order within a time frame to be stipulated by this Court, for which, the learned standing counsel appearing for the respondents has no serious objection. 3.Considering the facts and circumstances of the case and having regard to the submissions now made by the learned counsel on either side, t....