1. Rule. Respondents waive service. With the consent of the parties,
Rule is made returnable forthwith and heard finally.
2. The above Writ Petition challenges the re-assessment
proceedings initiated by issuance of notice dated 04.02.2020 under section
148 of the Income Tax Act, 1961 (for short “the IT Act”) for the relevant
Assessment Year 2015-16.
3. Mr. Jain, the learned counsel appearing on behalf of the
Petitioner, submits that the Petitioner is a company Assessee which had
MARCH 12, 2026
Darshan Patil
5-WP-3313-2025.doc
furnished the Return of Income for the relevant Assessment Year 2015-16 by
declaring total income of Rs. 3,64,55,020/-.