2022 (3) TMI 1200

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....M R. RAO, ADVOCATE RESPONDENTS: SRI K.V. ARAVIND, ADVOCATE ORDER The petitioner has sought for issuance of writ of certiorari to quash the notice passed under Section 148 of the Income Tax Act,1961 ("the Act", for short) dated 31.03.2021 for the assessment year 2017-18 issued by the second respondent. 2. The petitioner has sought for issuance of writ of certiorari to quash the order rejecting ....

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....ted to have declared suppression of income of the petitioner of Rs. 20 Lakhs for the financial year 2016-17. 6. It is further submitted that the said statement has been retracted by the husband of the petitioner on 08.08.2018, copy of which is enclosed at Annexure-'C'. Accordingly, it is submitted that there are no justifiable reasons for re-opening the assessment by resort to Section 148....

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....133A, has in his capacity as Managing Director of the Company declared an additional income of Rs. 20,00,000/- in the hands of Smt.Kavitha Jain, the Assessee, for the A.Y.2017-18. The Assessee had not declared the additional income of Rs. 20,00,000/- attributed to the above declaration in her Return of Income filed for the AY 2017-18. Hence, there is escapement of income to the extent of Rs. 20,00....