2022 (2) TMI 1360

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.... Beriwal, Advocate. For the Respondents : Mr. Kunal Sharma, Advocate with Ms. Zehra Khan and Mr. Shubhendu Bhattacharyya, Advocates. ORDER Matter has been heard by way of video conferencing. Present writ petition has been filed challenging the notice dated 31st March, 2021 issued by respondent No.l under Section 148 of the Income Tax Act, 1961 (hereinafter referred to as 'Act') and the....

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....scapement of income and not just for scrutinizing some entries which are already a part of the return of income. In support of his submission, he relies upon the decision of this Court in Sabharwal Properties Industries Pvt. Ltd. v. ITO (2016) 382 ITR 547 (Delhi)(HC). Learned counsel for the petitioner lastly states that sanction has not been granted in the present instance by the appropriate a....

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.... yet no supporting evidences are available to prove the source of deposit. Consequently, this Court is of the view that in the present case there is reason to believe that income otherwise chargeable to tax has escaped the assessment. Further, the submission that the appropriate authority had not granted sanction had not been raised by the petitioner in its objection petition and consequently, ....