https://www.taxtmi.com/caselaws?id=428435 The court upheld the validity of the notices and orders issued under the Income Tax Act for the Assessment Year 2015-16, rejecting the petitioner's claims of illegality. It found that the authorities had valid reasons for initiating proceedings, particularly due to non-filing of returns and substantial cash deposits. The court emphasized the need for compliance with legal requirements and procedural obligations by both the authorities and the petitioner to ensure a fair process. The petitioner was given an opportunity to explain their position regarding the funds in the active bank account associated with the dissolved firm within a specified timeframe. en-us Mon, 12 Sep 2022 00:00:00 +0530 Mon, 27 Feb 2023 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428435 The court upheld the validity of the notices and orders issued under the Income Tax Act for the Assessment Year 2015-16, rejecting the petitioner's claims of illegality. It found that the authorities had valid reasons for initiating proceedings, particularly due to non-filing of returns and substantial cash deposits. The court emphasized the need for compliance with legal requirements and procedural obligations by both the authorities and the petitioner to ensure a fair process. The petitioner was given an opportunity to explain their position regarding the funds in the active bank account associated with the dissolved firm within a specified timeframe. Case-Laws Income Tax Mon, 12 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428435