Dhanraj Radhakisandas Nagpal v. the Principal Commissioner of Income Tax Pune 4
Bombay HCWP/5760/2024
Case brief
AI extract
What is this about?
Writ petitions challenging substitution of cost of acquisition in an assessment for AY 2007-08. The court accepted an undertaking to file vakalatnama, set timelines for affidavit in reply and rejoinder, listed the matter, and granted interim protection against recovery steps until 31 July 2024.
What did the court decide?
Prayer clause (c) to operate until 31 July 2024: respondents restrained from taking further steps or coercive recovery pursuant to the substituted cost of acquisition.