2021 (6) TMI 15

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... with Mr. Ashish Parashar, Advocates. Respondent Through: Ms. Vibhooti Malhotra, Sr. Standing Counsel. [Court hearing convened via video-conferencing on account of COVID-19] RAJIV SHAKDHER, J.: (ORAL) CM APPL. 17023/2021 1. Allowed, subject to just exceptions. CM APPL. 17024/2021 2. The prayer made in the captioned application is to grant exemption from filing requisite court-....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Section 156 of the Act, and notice for initiation of penalty proceedings issued under Section 274 read with Section 270A of the Act. 4. To be noted, the impugned assessment order concerns Assessment Year (AY) 2018-2019. 5. The principal grievance of the petitioner is that, the impugned assessment order was passed without issuance of a show cause notice-cum draft-assessment order. 6. Issue....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....m-draft assessment order. 10. It is required to be noted that initially, the petitioner had declared its income as Rs. 87,55,390/-; which was revised to Rs. 73,59,500/-. 11. Via the impugned assessment order dated 07.04.2021, an addition of Rs. 13,95,890/-, has been made to the declared income of the petitioner. 12. To our minds, since there was a variation in the declared income, the res....