TaxTMI 
TaxTMI 
2023 (1) TMI 417
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....Mr Tarun Chanana, Advs. Respondent: Mr Zoheb Hossain, Sr. Standing Counsel with Mr Vipul Agrawal & Mr Parth Semwal, Advs. ORDER TARA VITASTA GANJU, J. (ORAL): CM APPL. 52749/2022 (for exemption) 1. Allowed, subject to just exceptions. W.P (C) 16718/2022 & CM APPL. 52748/22 (Application filed on behalf of the petitioner seeking interim relief) 2. The present Writ Petition has been filed....
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....t have business activity as during verification proceedings it was not able to produce the bills & vouchers to establish the genuineness of his business activity. It has been established that Shri Rohit Bharat Nilakhe alongwith others is engaged in providing accommodation entries transactions of various nature. Further, it is seen that there is layering of these entries' transactions involving....
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....en date i.e., 23.07.2022 under Section 148 of the Act. 6. A perusal of the order dated 23.07.2022 passed under Section 148A(d) of the Act, shows that the Respondent/Revenue have completely ignored the response of the Petitioner and have instead simply stated that the evidences had not been filed. 6.1 The relevant part of the aforesaid order is extracted hereinafter : "8. It is important to men....
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....in the A.Y. 2014-15 which is more than threshold amount of Rs. 50 lacs has escaped assessment. As the income represented in the form of "asset" (deposit in bank account) as per Section 149(1)(b) of the Income Tax, 1961. 9. In light of the above facts and on the basis of material available on records, it is decided that the case of ADM AGRO INDUSTRIES INDIA PVT LTD, PAN AAHCA6963E is a fit case ....