* IN THE HIGH COURT OF DELHI AT NEW DELHI
Reserved on: 12.05.2014
Pronounced on: 14.08.2014
+ W.P.(C) 1320/2014, C.M. NO.2744/2014 & 2745/2014
MADHUKAR KHOSLA ..... Petitioner Through : Sh. Salil Kapoor with Sh. Vikas Jain and Sh. Varun Gupta, Advocates.
Versus
ASSISTANT COMMISSIONER OF INCOME TAX
..... Respondent
Through : Sh. Sanjeev Sabharwal, Sr. Standing Counsel with Sh. Ruchir Bhatia, Jr. Standing Counsel.
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA BHAT
HON'BLE MR. JUSTICE VIBHU BAKHRU
MR. JUSTICE S. RAVINDRA BHAT
%
C.M. NO. 2745/2014 (for exemption)
Allowed, subject to all just exceptions.
W.P.(C) 1320/2014, C.M. NO.2744/2014
1. The petitioner challenges the notice dated 25.03.2013 under Section 148 of the Income Tax Act ("the Act") proposing to re-open the assessment for Assessment Year 2006-07 @ `1,12,760/- completed under Section 143 (3) by the Assessing Officer ("AO").
W.P.(C) 1320/2014 Page 1
2. The brief facts are that the petitioner filed income tax returns on 30.10.2006 for AY 2006-07. The returns were selected for scrutiny; a notice was issued on 28.02.2008 along with a questionnaire. The required details were furnished by the petitioner on 07-03-2008. The AO, accepting the explanations, framed the a