2023 (7) TMI 458

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....i, Sr. Advocate with Mr. Abhinav Narang, Advocate and Mr. Siddhant Suri, Advocate for the petitioner ORDER Ritu Bahri , J. ( Oral ) The present petition is for issuance of writ in the nature of certiorari to quash the impugned notice dated 24.03.2023 issued under Section 148A (d) (P-1), order dated 31.03.2023 passed under Section 148A (d) (P-3) and impugned notice dated 31.03.2023 issued ....

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....r dated 31.03.2023, there is no reference of the reply given by the petitioner on 26.03.2023 (P-2). Reference has been made to judgment of Delhi High Court in a case of Catchy Prop-Build Pvt. Ltd vs. Assistant Commissioner of Income Tax and ors., passed in W.P No. ( C ) 13734-2022, decided on 17.10.2022 (P-5) whereby the petitioner was seeking quashing of show cause notice dated 16.03.2022 and ....

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....assessee who was issued notice under Section 148 A (b) of the Act on the allegation that the appellant has done fictitious derivative transactions with M/s Blueview Tradecome Pvt. Ltd. The assessee submitted the reply to the said notice enclosing all the relevant documents in support of the claim to justify that they have not indulged in fictitious transaction. The writ petition was allowed and it....

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....rnment on 19.03.2023 for 15 days. The assessee gave its reply on 26.03.2023 in which he did not deny about the said transaction of Rs. 34,91,91,634. In para No. 4 of the reply, it has been stated that the transaction amount of Rs. 34,91,91,634/- was mentioned in both the show cause notices dated 12.03.2023 and 24.03.2023.But the assessee never filed any reply refuting the said transaction. It i....