Assessing Officer issued a reopening notice under section 148 of the Act. While reassessment proceedings were in process, assessee filed a writ petition against said reopening of assessment. Dismissing the petition the court held that reassessment proceeding was at its intermediate stage and was yet to be concluded by statutory authority. (AY. 2018-19)
Gian Castings (P) Ltd. v. CBDT (2022) 140 taxmann.com 318 (P& H)(HC) Editorial: SLP of assessee dismissed, Gian Castings (P) Ltd. v. CBDT (2022) 288 Taxman 167 (SC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Reassessment proceeding was at its intermediate stage and was yet to be concluded by statutory authority-Writ petition was dismissed. [S. 148, Art. 226, 227]