TaxTMI 
TaxTMI 
2023 (7) TMI 21
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....e as without jurisdiction, arbitrary, unjust and unlawful and consequently forbearing the respondent from reassessing the petitioner's income for the assessment year 2016-17 under Section 147 of the Income Tax Act, 1961. 2. It is the case of the petitioner that he is a Non-Resident Indian residing in Singapore and having his source of income only from Singapore. He has been a resident of Singapore since the year 1996 and a regular tax payer there. The petitioner also has a permanent account number in India. It is his case that during the assessment year 2016-2017, he had purchased immovable properties to the tune of Rs. 90,00,000/-, for which TDS was also deducted and Form-26QB was filed. It is the case of the petitioner that he has no....
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....titioner had purchased the immovable property for Rs. 90,00,000/- and as per the TDS statement, the amount credited was Rs. 90,00,000/- and therefore, a sum of Rs. 1,80,00,000/- had escaped assessment. However, in the impugned order, the respondent has gone on to deal with the loan account, the employment details, the salary certificate, etc of the petitioner and the petitioner was never called upon to explain the above or given time to produce the relevant documents. He would therefore submit that on this ground, the impugned order has to necessarily be set aside. 5. Per contra, Mr.N.Dilip Kumar, learned Senior Standing Counsel for the respondent would submit that the petitioner has not given any details as to how a sum of Rs. 22,50,000/-....