https://www.taxtmi.com/caselaws?id=429824 The Court dismissed the writ petition challenging the order passed under Section 148A(d) of the Income Tax Act, 1961 for the assessment year 2015-16. The Court held that the petitioner's explanations regarding profits from trading were not sufficient to interfere with the proceedings at that stage. Emphasizing that the adequacy of reasons could not be questioned in a writ petition under Article 226, the Court stated that the petitioner could address his contentions during reassessment proceedings. The writ petition was dismissed without costs, allowing the petitioner to present his case during the reassessment process. en-us Mon, 26 Sep 2022 00:00:00 +0530 Fri, 04 Nov 2022 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429824 The Court dismissed the writ petition challenging the order passed under Section 148A(d) of the Income Tax Act, 1961 for the assessment year 2015-16. The Court held that the petitioner's explanations regarding profits from trading were not sufficient to interfere with the proceedings at that stage. Emphasizing that the adequacy of reasons could not be questioned in a writ petition under Article 226, the Court stated that the petitioner could address his contentions during reassessment proceedings. The writ petition was dismissed without costs, allowing the petitioner to present his case during the reassessment process. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429824