Geeta Agarwal Vs Income-tax Officer (Rajasthan High Court)
Date-11th October 2022
Sub-Notice u/s 148 issued on 26th July, 2022 for AY 2016-17 for income escaping Rs 8 lacs stayed in view of the same having been issued beyond three years from the end of the Assessment year for an amount of income escaping assessment below Rs 50 lacs.

The Rajasthan High court in this case found prima facie case and stayed the notice issued without being swayed by the argument of the department counsel regarding the TOLA and the decision in the case of Touchstone by Delhi High Court.

This being an interim order, the final outcome will be keenly awaited.

Ramesh Patodia
19-10-2022