2022 (5) TMI 1434

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....hrotra Counsel for Respondent :- A.S.G.I.,Dinesh Varun,Gaurav Mahajan,Manu Ghildyal ORDER Heard Sri Abhinav Mehrotra, learned counsel for the petitioner and Sri S.P. Singh, learned Additional Solicitor General of India, assisted by Sri Dinesh Varun, learned counsel for the respondent no.1 and Sri Manu Ghildyal, learned counsel for the Income Tax Department. This writ petition was heard....

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....58,500/- which was uploaded six times and thus the total amount resulted in an amount of Rs.12,39,51,000/-. That apart, there was another information in possession of Assessing Authority regarding cash deposit of Rs.10,63,500/-. Thus, the total amount of deposit shown of Rs.12,50,14,500/-. However, the aforesaid information of cash deposit in Union Bank of India of Rs.12,39,51,000/- was infact the....

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....2022." Rejoinder affidavit dated 09.05.2022 has been filed today, which is taken on record. We have carefully considered the submissions of the learned counsel for the parties and we find that assessing authority has information about cash deposit of Rs. 02,06,58,500/- which was not irrelevant or unfounded. Thus, the impugned jurisdictional notice under section 148 of the Income Tax Act, 1961 c....