2022 (5) TMI 630

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....linav Kumar, Advocate. Respondent Through: Mr. Kunal Sharma, Sr. Standing Counsel with Ms. Zehra Khan, Jr. Standing Counsel and Mr. Shray Nargotra, J U D G M E N T MANMOHAN, J (Oral): 1. Present writ petition has been filed challenging the Notice dated 4th April, 2022 issued under Section 148 of the Income Tax Act, 1961 ('the Act') in the name of Petitioner Company i.e. DCM Shriram Ltd....

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.... petitioner company for the Assessment Year 2018-19. He further states that the Petitioner Company duly informed the Respondent vide its letter dated 24th March, 2022 that the company, namely, Bioseed Research India Pvt. Ltd. is not in existence. It was also brought to the notice of the respondent, vide the aforesaid letter, that the transactions referred to in the said notice of the Respondent we....

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....o states that assessment in the case of the Petitioner company for the Assessment Year 2018-19 has still not concluded and same is pending adjudication before the Dispute Resolution Panel ('DRP'). Therefore, according to him, reassessment notice could not have been issued in the case of Petitioner Company for the Assessment Year 2018-19. 5. Issue notice. Mr.Kunal Sharma, learned counsel for the....