Applicability of newly inserted provisions of Section 148A: HC Stays the matter

Mon Mohan Kohli Vs ACIT and Anr (Delhi High Court) 1. Allowed, subject to just exceptions. W.P.(C) 6176/2021 and CM APPL. 19569/2021 [Application on behalf of petitioner, under Section 151 of the Code of Civil Procedure, 1908,seekingstay on operation of notice dated 07.06.2021] 2. Via this writ petition, challenge is laid to the notice dated 07.06.2021 issued by respondent no. 1 under Section 148 of the Income Tax Act, 1961 (in short “the Act”), for initiation of reassessment proceedings. 3.The impugned notice concerns Assessment Year (“AY”) 2003–2004. 4. Ms. Kavita Jha, learned ...