Reassessment Proceedings against Reassessment order Stayed by Delhi HC

United Associates Vs ITO (Delhi High Court) A Writ Petition was filed in Hon’ble Delhi high Court to set aside the notice dated 28.06.2022 issued by the Income Tax Department under section 148 of the Income Tax Act, 1961 and order u/s 148A(d) issued by the Respondent No.1 under section 148 of the Income Tax Act, 1961 and thereby quashing the subsequent proceedings thereto for the Assessment Year 2016-17. The Petitioner firm filed the Return of Income for the year under consideration i.e. A.Y. 2016-17 on 05-10-2016 by reflecting income of Rs.1975000. After that the return was subjected to com...