2019 (10) TMI 553

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....oner. Mr. Suresh Kumar, for the Respondents. P.C:- Heard. 2. RULE. Mr. Suresh Kumar, waives service. 3. This Petition under Article 226 of the Constitution of India, challenges the notice dated 28th March, 2019 issued under Section 148 of the Income Tax Act, 1961 (the Act). The impugned notice dated 28th March, 2019 seeks to re-open the Assessment for Assessment Year 2012- 13. The r....

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....f shares of M/s. Banas Finance Ltd., during previous relevant year to subject Assessment Year. The Assessing Officer verified this share transaction by issuing a letter under Section 136(3) of the Act to the stock exchange and concerned paries. On being satisfied that the transactions were genuine, the Assessing Officer in his order under Section 143(3) of the Act allowed the claim of the Petition....