2014 (12) TMI 1264

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.... prima facie case has been made out in this writ application wherein five assessment years, 2007-08 to 2011-12 concerning the writ petitioner, are involved. On a perusal of the communications of the Income Tax department dated 7th March, 2014 stated to be reasons requested by the writ petitioner for issuance of the Section 148 notices, I find that they do not contain the necessary details. By th....

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....lating to a different assessment year it is stated as follows - "It is clear that these are mere paper companies giving merely accommodation entries to M/s. Korp Resources Private Limited for bringing back its undisclosed income in the books of account through bogus share capital without paying any tax." Again another allegation levelled against the writ petitioner in the reasons for another as....