2016 (12) TMI 414

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....hok Kotangle with Ms. Padma Divakar, for the Respondents ORDER P. C. At the request of the parties, Petition is disposed of finally at the stage of admission. 2 This Petition under Article 226 of the Constitution of India, challenges: (a) notice dated 29th March, 2016 issued by the Assessing Officer under Section 148 of Income Tax Act, 1961; and (b) order dated 28th J....

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.... understand income in the returns of income for A. Y. 2009-10, amounting to Rs. 1,32,52,500/. On the basis of aforesaid information available records with me and after duly applying my mind, I have reasons to believe that income chargeable to tax as indicated above, to the tune of Rs. 1,32,52,500/or any other income chargeable to tax which comes to my notice subsequently in the course of ....

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....ssment under Section 50C of the Act. This for the reason that it would have no application in case of transfer of tenancy/ lease hold rights. 5 The order dated 28th July, 2016 disposing of Petitioner's objection does not even remotely refer to the Petitioner's above objections let alone deal with them. Nevertheless, the objections are rejected by order dated 28th July, 2016. 6 In the....