Dismissing the petition the Court held that there was no reason to interfere at this stage of notice under section 148. The court should not venture into the merits of the controversy when the Assessing Officer was yet to make the reassessment in discharge of the statutory duty cast upon him under section 147. (AY. 2018-19)
Midland Microfin Ltd. v. UOI (2023)453 ITR 150 (P&H)(HC)
S. 148A : Reassessment – Conducting inquiry, providing opportunity before issue of notice – Statutory duty cast upon Assessing Officer -Court cannot interfere at stage of notice- Writ petition was dismissed. [S. 147, 148, 148A(b), 148A(d), Art.226]