https://www.taxtmi.com/caselaws?id=459668 The HC addressed a writ petition challenging an order under Section 148A(d) of the Income Tax Act, 1961, concerning alleged fraudulent ITC claims. The petitioner was accused of fictitious transactions worth Rs. 8,48,86,110 for AY 2018-19. The Court found the Assessing Officer failed to adequately consider the petitioner's objections and directed a de novo assessment. The impugned order and notice were set aside, requiring the Assessing Officer to provide information linking the petitioner to the entities and allowing a supplementary reply. An extension until 31.05.2023 was granted for a fresh order, without affecting the case's merits. The writ petition was disposed of accordingly. en-us Tue, 14 Feb 2023 00:00:00 +0530 Sat, 21 Dec 2024 21:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459668 The HC addressed a writ petition challenging an order under Section 148A(d) of the Income Tax Act, 1961, concerning alleged fraudulent ITC claims. The petitioner was accused of fictitious transactions worth Rs. 8,48,86,110 for AY 2018-19. The Court found the Assessing Officer failed to adequately consider the petitioner's objections and directed a de novo assessment. The impugned order and notice were set aside, requiring the Assessing Officer to provide information linking the petitioner to the entities and allowing a supplementary reply. An extension until 31.05.2023 was granted for a fresh order, without affecting the case's merits. The writ petition was disposed of accordingly. Case-Laws Income Tax Tue, 14 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459668