2023 (5) TMI 477

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....ajeev Ahuja, Mr Arya Hardik and Mr Jayendra Kumar Tiwary, Advs For the Respondents Through: Mr Shailendera Singh, Sr Standing Counsel with Mr Viplav Acharya and Ms Dacchita Shahi, Jr Standing Counsels along with Mr Akash Saxena, Adv. ORDER [Physical Hearing/Hybrid Hearing (as per request)] RAJIV SHAKDHER, J.: (ORAL) CM No.20555/2023 1. Allowed, subject to just exceptions. W.P.....

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....tion 148 of the Act. 5. Pertinently, the impugned order and notice concern Assessment Year (AY) 2019-20. 5.1 A perusal of the notice dated 14.03.2023, issued under Section 148A(b) of the Act, shows that the principal allegation levelled against the petitioner/HUF is that it has registered bogus long term capital gains, by trading in stock of reputed entities. 5.2 It is alleged that the co....

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....28.02.2020, followed by a revised return on 10.01.2021. 7.1 For this purpose, our attention has been drawn to Annexure P-4 and P-5 of the case file. 8. Having regard to the fact that the AO has failed to notice that the petitioner/HUF had in fact filed its return, we are of the view that the matter would require re-examination by the AO. 8.1 This is more so as when notice under Section 14....