2017 (1) TMI 316

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....r Mr. Suresh Kumar for the respondent ORDER P. C. 1. Leave to amend the prayer clause (d) to substitute Exhibit 'M' and Exhibit 'K' with Exhibit 'K' and Exhibit 'G' respectively. Re-verification dispensed with. Amendment to be carried out forthwith. 2. Heard. 3. Rule. 4. This petition challenges the notice dated 31st March, 2016 issued under Sec....

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....r the information available with this office, the assessee company has received huge amount of money by way of Share Application Money/Share Capital of Rs. 15,05,35,353/- with high Share Premium during F.Y. 2008-09 relevant to A.Y. 2009-10. In view of the above, I have reason to believe that income chargeable to tax has escaped assessment to the tune of Rs. 15,08,35,353/- and it is fit ca....