2021 (6) TMI 1

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....court-fee and sworn/notarised/affirmed affidavit. The captioned application is disposed of with a direction to the petitioner to place on record the duly sworn/notarised/affirmed affidavit and to deposit the requisite court-fee, within three days of the resumption of the normal and usual work pattern by this court. W.P.(C) 5552/2021 and CM APPL. 17211/2021 [Application filed on behalf of petitioner, under Section 151 of Code of Civil Procedure, 1908, seeking stay on the operation of order passed by respondent, dated 20.04.2021] 3. The principal grievance of the petitioner, is that, contrary to the mandate of Section 144B of the Income Tax Act, 1961 (in short, 'the Act'), and the Faceless Assessment Scheme, 2019 (in short, 'the Scheme'....

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....regard to the unsecured loan and the increase in share capital and share application money, qua the assessment year in issue. In sum, the petitioner was required to satisfy the respondent/revenue as to the genuineness of these transactions. 12. The petitioner claims that necessary information was submitted to the respondent/revenue, on 20.02.2021. 13. It appears that respondent no. 2, thereafter, passed the impugned assessment order on 20.04.2021. 13.1. Via the impugned assessment order, an addition of Rs. 90,25,535/- was made to the petitioner's declared loss. 13.2. Furthermore, the petitioner was assessed to tax under Section 115BBEE of the Act. 13.3. The petitioner's income, chargeable to tax, was pegged at Rs. 90,00,....