Department cannot recover Income tax or adjust refunds during subsistence of stay order

Dominion Diamond (India) Private Limited Vs ACIT (Bombay High Court)

Bombay High Court dealt with a writ petition filed by Dominion Diamond (India) Private Limited challenging (i) a notice issued under Section 148 of the Income Tax Act, 1961, dated 31 March 2021; (ii) orders dated 3 March 2022 and 8 March 2023 rejecting the assessee’s objections to reopening; and (iii) the assessment order dated 31 March 2022. The Court had earlier, on 4 May 2022, granted ad-interim relief staying all these actions and restraining the tax authorities from “taking any further steps” p

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