2024 (1) TMI 70

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.... 2023 - -<br>Income Tax<br>HONOURABLE MR. JUSTICE DINESH KUMAR SINGH For the Petitioner : By Advs. Nitish Sathesh Shenoy, Sukumar Nainan Oommen, Sherry Samuel Oommen, M.S. Insaaf Muhammedu, Sreelekshmi Ben For the Respondent : By Advs. Adv. P.G. Jayashankar PGJ, Keerthivas Giri JUDGMENT The present writ petition has been filed seeking various prayers, including the prayer for a writ of....

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..... 2,31,56,103/-, interest earned during the year under Section 194A of Rs. 28,310/-, besides other receipts. The petitioner-assessee had received commission/ brockerage of Rs. 74,556/-, professional/technical receipts of Rs. 8,160/-, cash payments for the goods and services of Rs. 1,70,21,696/- and cash deposit of Rs. 1,85,75,208/-. 3. The petitioner neither filed ITR nor furnished report of au....

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....iew thereof, best judgment assessment was carried out and total assessed income was determined as Rs. 3,85,42,019/- on which tax has been demanded and order has been passed for proceeding for penalty under Section 271B of the Act. 6. Aggrieved by the said assessment order, the petitioner has filed appeal on 3.8.2022, along with an application for stay, which are pending before the 2nd responden....