2003 (11) TMI 43

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....x return declaring income of Rs.1,05,190. The return filed by the petitioner was accepted. The case of the petitioner in respect of income for the assessment year 1993-94 was taken up for scrutiny and the assessment under section 143(3) of the Income-tax Act, 1961, whereupon the authorities determined the taxable income of the petitioner as Rs.1,12,698. While passing the order under section 143(3) of the Income-tax Act, 1961, depreciation deductible from the petitioner's income was determined at Rs.16,22,387. On the same controversy, the petitioner received a notice under section 154/155 of the Income-tax Act, 1961, for the assessment year 1993-94, seeking to withdraw the deduction granted to the petitioner on account of depreciation.....

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....under section 148, and enclosed therewith the order passed under section 143(3) of the Income-tax Act, 1961, whereby the Department itself had accepted the petitioner's income at Rs.1,12,698 for the said assessment year in question. The petitioner also submitted a representation dated December 14, 2001 (in response to the notice dated May 29, 2001), requesting the authorities g to furnish to the petitioner the reasons which constituted the basis of issuing the said notice. Through a communication dated December 23, 2002, the reasons on the basis of which the notice was issued to the petitioner under section 148 of the Income-tax Act, 1961, were supplied to him. The petitioner, through the instant writ petition, has impugned the notice H ....

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....s to determine whether the same have been signed by the petitioner as owner or by the lessee. The Department also desires to verify the particulars of the party who would be responsible for the damage to the vehicles during the process of delivery. The particulars of the deposits made by the lessee were also sought, in order to determine whether the deposits were made before the lease or at the time of execution of lease. Besides similar other details, the authorities also required the petitioner to furnish the registration record in respect of the vehicles used by the petitioner in its business under the "lease/rent" business, so as to determine the particulars of ownership of the said vehicles. On the basis of the material sought from ....