2022 (5) TMI 840

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.... The petitioner company was incorporated under the Companies Act, 1956 and it is running the business of software development and software services for several years and have executed several projects for Governmental and private agencies successfully. The petitioner's company is also engaged in online booking of hotel, tour, travel booking and package tours and also providing accommodation for various corporates in India as well as in abroad. Moreover, M/s.GI Hospitalities Private Limited is a company, running the business of Hospitality services and it has been merged with M/s.GI Retail Privae Limited, i.e, the petitioner herein with effect from 01.04.2015 vide the order of this Court dated 07.11.2016 in C.P No.247 of 249 of 2016. F....

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....iled their reply on 14.03.2022 and 18.03.2022 to the aforesaid notice dated 14.03.2022, stating that the companies have been merged and the petitioner has already included the income of Rs.4,74,04,205/- which belongs to GI Hospitalities Pvt. Ltd in the books of GI Retail Pvt. Ltd while filing the return of income. It is pertinent to state that the company referred by the respondents herein is not in existence. To the shock and surprise, the respondent has stated that it did not receive any satisfactory response and hence, issued a notice dated 31.03.2022 under Section 148 of the Income Tax Act, along with an order dated 31.03.2022 passed by the 2nd respondent under Section 148A Clause (d) stating that the petitioner has to furnish the retur....