Nilesh Hemani vs Commissioner Of Income-Tax And Ors.

The Supreme Court upheld the validity of the notice issued under Section 158BC of the Income-tax Act, 1961, by the Deputy Commissioner, Central Circle-39, Mumbai, stating that the petitioner may raise legal pleas in response to the notice. The Court clarified that the assessing authority must consider the petitioner's contentions without being influenced by prior High Court orders. The appeal was disposed of without any order as to costs.