https://www.taxtmi.com/caselaws?id=428677 The court set aside the order passed under Section 148A(d) of the Income Tax Act and the notice issued under Section 148 for Assessment Year 2016-17 due to a violation of natural justice principles. The respondent was given the liberty to issue a corrigendum and a supplementary show cause notice within two weeks. The petitioner was granted four weeks to file a reply treating the transaction as a purchase and explaining the source of funds. The Assessing Officer was directed to pass the order in accordance with the law. The writ petition and applications were disposed of with directions for further proceedings. en-us Fri, 09 Sep 2022 00:00:00 +0530 Fri, 07 Oct 2022 13:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428677 The court set aside the order passed under Section 148A(d) of the Income Tax Act and the notice issued under Section 148 for Assessment Year 2016-17 due to a violation of natural justice principles. The respondent was given the liberty to issue a corrigendum and a supplementary show cause notice within two weeks. The petitioner was granted four weeks to file a reply treating the transaction as a purchase and explaining the source of funds. The Assessing Officer was directed to pass the order in accordance with the law. The writ petition and applications were disposed of with directions for further proceedings. Case-Laws Income Tax Fri, 09 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428677