Madras HC declines to stay IT notice to Panneerselvam

  • | Thursday | 25th November, 2021

Chennai, Nov 25 (PTI) The Madras High Court on Thursday declined to grant interim stay against the Income Tax notice to AIADMK Coordinator O Panneerselvam, relating to an assessment order. The former Chief Minister had challenged the order under section 153 C of the Income Tax Act, 1961, saying the assessment/re-assessment order was issued after March 31, 2021, when the section had been removed. The bench of Acting Chief Justice Munishwar Nath Bhandari and Justice PD Audikesavalu said that according to the petitioner, the same change brought about pertaining to Section 148 of the Act has also been made applicable to search and seizure notices. "However, it is unclear as to what the period of limitation would be and whether notices issued subsequent to March 31, 2021 would require a different procedure to be followed than the procedure followed prior to April 1, 2021," the bench said. The court added A P Srinivas, standing counsel appearing for the Income Tax Department, stated the law was quite clear and it has been clearly stipulated that for searches initiated on or after April 1, 2021, it is the amended procedure which would apply though searches initiated prior to April 1, 2021 will continue to be governed by the old procedure. "Though an arguable case is made out and the matter requires consideration, no interim order is immediately called for," the bench said. The court directed issuing notices to the non-appearing parties and said counter-affidavits should be filed within four weeks from date. The judges posted the matter for six weeks hence. It also made it clear that any steps taken, including assessment orders passed upon conclusion of the search and seizure process, would abide by the result of the petitions. PTI CORR SA ROH ROH

If You Like This Story, Support NYOOOZ



Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.

Stay updated with all the Chennai Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles