2023 (8) TMI 886

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....lpa Goel. P.C:- Petitioner is challenging the action of Respondent No. 1 in issuing notice dated 31st March 2021 issued under Section 148 of the Income Tax Act, 1961 (the Act) seeking to re-assess Petitioner's income for Assessment Year 2017-18. Petitioner is also challenging an Assessment Order dated 31st March 2022 passed under Section 147 r/w. Section 144B of the Act. 2. According to Petit....

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.... for providing bogus LTCG and loss to the beneficiaries by inflating the share price through doctored transactions made between the syndicate members." But despite repeatedly calling upon Respondent No. 1 to provide a copy of SEBI's report or finding as recorded in the reasons, the same has been only stone walled by Respondent No. 1. Mr. Hakani submitted that the reason to believe that Petitioner'....

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....l, within two weeks of this order being uploaded, make available to Petitioner a copy of the report of SEBI relied upon in the reasons to believe for re-opening. If the report contains information regarding other entities which are not concerned with Petitioner, the JAO may redact those portions. 5. Within two weeks of receiving a copy of the report, Petitioner may file further objections to the ....