2023 (9) TMI 116

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....espondents/revenue. 2. Given the directions that we propose to pass, Mr Bhatia says that no counter-affidavit is required to be filed in the matter and he will rely on the record presently available with the court. 2.1 Therefore, with the consent of the counsels for the parties, the writ petition is taken up for final hearing and disposal at this stage itself. 3. This writ petition concerns Assessment Year (AY) 2019-20. 4. The record shows that the petitioner was issued a notice dated 05.03.2023 under Section 148A(b) of the Income Tax Act, 1961 [in short, "1961 Act"], with regard to the bogus purchases allegedly made by it from two suppliers i.e., Jatalia Global Ventures Ltd. [in short, "JGVL"] and RCI Industries & Technologies ....

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....s are dated 16.03.2023 and 30.03.2023. 8. The Assessing Officer (AO), however, was not persuaded by the responses furnished on behalf of the petitioner and, thus, proceeded to pass the impugned order dated 31.03.2023 under Section 148A(d) of the Act. 9. Mr A.K. Babbar, who appears on behalf of the petitioner, says that the reassessment proceedings have been triggered pursuant to show-cause notices issued under Sections 74 and 132 of the Central Goods and Services Tax Act, 2017 [in short, "CGST Act"], read with the corresponding provisions of the State Goods and Services Tax Act, 2017 [in short, "SGST Act"] as also the Integrated Goods and Services Tax Act, 2017 [in short, "IGST Act"]. 9.1 It is Mr Babbar's contention that the adjud....