2021 (5) TMI 121

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....Mrs.S.Srimathy Standing Counsel ORDER Heard the learned counsel for the petitioner and the learned Standing Counsel for the respondent. 2.The petitioner is a company engaging in salt manufacturing. The case on hand pertains to the assessment year 2013-2014. The petitioner filed its e-return of income on 28.09.2013, admitting an income of Rs. 66,77,810/-.The return of income was selected for scr....

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.....Diamond Sea Food Exports (DSF Group). It appears that there was a sale transaction between the two parties. Based on the same, after issuing notice under Section 153C, the impugned order dated 30.12.2016 came to be passed. Questioning the same, the present Writ Petition has been filed. 4.The respondent filed a detailed counter affidavit. The learned Standing Counsel appearing for the respondent ....

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....tioner, a bare comparison of the Assessment order passed under Section 143(3) of the Income Act and the impugned order passed under Section 153C of the Income Tax Act would show that there is no escapement of the income, even according to the respondent. In fact, the Counter affidavit itself, it has been fairly conceded in paragraph 20 that there is no change in the demand amount and that the over....