2024 (2) TMI 928

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....shal Mohan, Senior Advocate, alongwith M/s Vikram Thakur, Praveen Sharma, Shubham Sood, Satyam Aneja and Aditya Sood, Advocates. For the Respondents: Mr. Vinay Kuthiala, Senior Advocate, alongwith Mr. Diwan Singh Negi, Advocate. VIVEK SINGH THAKUR, J (ORAL) Petitioner has assailed order dated 13.04.2023 (Annexure P-7) and notice dated 13.04.2023 (Annexure P-8) whereby it has been conclude....

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.... the Books of Account of the Company including profit and loss account and Balance Sheet, have not been taken into consideration by the respondent-authority and supplementary reply (Annexure P-6) filed on 03.04.2023 has also not been considered. 4. Learned counsel for the respondents has contended that reply of the assessee has been considered as reflected in the impugned order itself and, furt....

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.... assessee was filed. 7. In aforesaid facts and circumstances, it is apparently clear that concerned authority has neither considered reply filed alongwith documents nor supplementary reply filed on 03.04.2023 by the petitioner. There is no speaking order assigning reason for conclusion arrived at that income/transactions to the extent of Rs. 2,73,28,43,663/- has escaped assessment in the Assess....