Case Law Details
Deepak Kochhar Vs DCIT (Bombay High Court)
In the well known case of Deepak Kochhar, the husband of ex-ICICI Bank CEO Chanda Kochhar Bombay High Court has held that petitioner may file appeal under Section 246-A of the Act before the first appellate authority against the assessment order dated 28.12.2019 within a period of four weeks from today. It is also open to the petitioner to file an application for stay along with the appeal in which event the same shall be considered by the appellate authority in accordance with law. It further held that To enable the petitioner to avail his remedy as provided under the Statute and till such time, the application for stay is decided by the first appellate authority, the assessment order dated 28.12.2019 shall be kept in abeyance.
FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT
Heard Mr. Mistry, learned senior counsel assisted by Mr. Agarwal, learned counsel for the petitioner and Mr. Walve, learned standing counsel Revenue for respondent Nos.1 and 2.
2. By filing this petition under Article 226 of the Constitution of India, petitioner has assailed legality and validity of the impugned assessment order dated 28.12.2019 passed by the Assessing Officer i.e., respondent No.1 under Section 143(3) of the Income Tax Act, 1961 (briefly “the Act” hereinafter) read with Section 147 of the said Act.
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