Initiation of reassessment proceedings on basis of assessment for subsequent assessment year

HIGH COURT OF BOMBAY NYK Line (India) Ltd. versus Deputy Commissioner of Income-tax WRIT PETITION NO. 159 OF 2012 Date of pronouncement – 10.02.2012 JUDGMENT Dr. D.Y. Chandrachud, J. Rule; with the consent of Counsel for the parties returnable forthwith. With the consent of Counsel and at their request the Petition is taken up for hearing and final disposal. 2. An assessment in the present case for Assessment Year 2006-07 is sought to be reopened by a notice dated 28 March 2011. The Assessee is before this Court in proceedings under Article 226 of the Constitution. 3. The Pe...