2024 (2) TMI 586

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....akrishnan, Smt. Jinnu Sara George, Smt. Anju Davis K., Sri. Zafar Antonio For the Respondents: By Advs. Sri. Keerthivas Giri - SC JUDGMENT DINESH KUMAR SINGH, J. 1. Heard the learned Counsel appearing for the petitioner and respondents. 2. Petitioner is a Co-operative Society registered under the Kerala Co-operative Societies Act, 1969. According to the averments in the writ petitio....

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....come Tax Act was passed against the petitioner in respect of the old PAN card. Subsequent proceedings has taken place and assessment order dated 20.03.2023 has been passed. In the said order passed under Section 147 read with Section 144 in respect of the assessment year 2018-19, an amount of Rs. 60,66,000/- has been treated as unexplained money under Section 69A of the Income Tax Act. 4. The l....

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.... 6. It also says that the assessee did not file the return of income for the assessment year 2018-19 when the old PAN card was active and new was not issued. The assessee had made cash transactions using the old PAN card i.e. AAABM2623H with Kozhikode District Cooperative Bank and UCO Bank. A notice under Section 148 was served on the assessee on 10.04.2022 by post and by e-mail on 31.03.2022. Sub....