HC stays Section 263 order as Mandatory twin pre conditions were prima facie not fulfilled

Karan Jain Vs. The Union Of India And 3 Ors (Gauhati High Court) Heard Dr. A Saraf, learned senior counsel for the petitioner. Also heard Mr. S Sarma, learned standing counsel for the Income Tax Department. 2. Issue notice, returnable by six weeks. 3. Extra copies of the writ petition be served on the learned counsel for the respondents within three days. 4. The petitioner was served with the notice dated 24.03.2021 for hearing in respect of a revision proceeding under Section 263 of the Income Tax Act 1961 (for short, the IT Act). In the notice dated 24.03.2021 at Clause 3 it was stated that ...