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.

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