https://www.taxtmi.com/caselaws?id=413240 The court dismissed the writ petition challenging notices under Section 153A of the Income Tax Act for assessment years 2012-13 and 2013-14. The Assessing Authority issued the notices based on an agreement to sell land for Rs. 80.00 lakhs, supported by documents indicating income escape of over Rs. 50.00 lakhs. Despite debate on the Authority's satisfaction, the petitioner's filing of revised returns implied acceptance, barring challenge to the notices. The court found no grounds to intervene and dismissed the petition without costs. en-us Fri, 01 Oct 2021 00:00:00 +0530 Thu, 07 Oct 2021 09:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413240 The court dismissed the writ petition challenging notices under Section 153A of the Income Tax Act for assessment years 2012-13 and 2013-14. The Assessing Authority issued the notices based on an agreement to sell land for Rs. 80.00 lakhs, supported by documents indicating income escape of over Rs. 50.00 lakhs. Despite debate on the Authority's satisfaction, the petitioner's filing of revised returns implied acceptance, barring challenge to the notices. The court found no grounds to intervene and dismissed the petition without costs. Case-Laws Income Tax Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413240