2023 (8) TMI 1283

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....ding Counsel ORDER Dr.B.Ramaswamy, learned Senior Standing Counsel takes notice on behalf of the respondent. 2. The petitioner is aggrieved by the impugned Assessment Order passed by the respondent under Section 148A(d) of the Income Tax Act, 1961. 3. By the impugned order dated 14.04.2023, the respondent has passed the following order:- "4. After considering the information a....

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....f the I.T.Act for the Assessment Year 2016-17. 6. As per third proviso of Section 149(1) of the IT Act, the time available for issue of notice under 148 of the IT Act is up to 15.04.2023. 7. This order is passed with the prior approval of the Principal Chief Commissioner of Income Tax, Chennai." 4. The petitioner had not filed the returns in time. Instead, the petitioner had f....

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....6-17 has escaped within the meaning of section 147 of the Income-tax Act, 1961. The details of the information/enquiry conducted on which reliance is being placed, along with supporting documents, are enclosed with this notice. 2. You are required to show-cause as to why, in view of the details contained in enclosures mentioned in point number 1 above, a notice section 148 of the Income T....

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....t file the Return of Income for the AY 2016-17." 7. Pursuant to the aforesaid Notice issued under Section 148A(b) of the Income Tax Act, as amended with effect from 01.04.2021, the petitioner has also replied on 16th of March 2023, wherein, the petitioner has stated that the total deposit in cash that was made by the petitioner was only for INR 21,65,000 as against INR 65,02,546 between 01-04-2....