2024 (6) TMI 543

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....Sinha & Ms. Shilpa Chaudhary, Advs. For the Respondents : Mr. Shlok Chandra, SSC with Ms. Madhavi Shukla & Ms. Priya Sarkar, JSCs & Mr. Sudarshan Roy, Adv. ORDER CM APPL. 25439/2024 (Exemption) 1. Allowed, subject to all just exceptions. 2. Application stands disposed of. W.P.(C) 6127/2024 & CM APPL. 25438/2024 (Stay) 3. The writ petitioner impugns the order under Section 148A....

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.... contained in enclosures mentioned in point number 1 above, a notice section 148 of the Income tax Act, 1961 should not be issued. 3. You may submit your reply to this notice, along with supporting documents (if any) on the above mentioned issues on or before 29/03/2024 electronically at www.incometax.gov.in." xxxx    xxxx    xxxx ANNEXURE ....

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....Prop. Sh Naveen Tayal was analyzed. On perusal of the bank statement, it is revealed that the assessee has taken accommodation entries to the tune of Rs.1,61,19,174/- (debit : Rs. 1,52,00,000 and credit of Rs. 9,19,174), seem to be bogus and non-genuine for the assessment year under consideration. 3. In view of the above, an amount of Rs. 1,61,19,174/- appears to have escaped assessment f....

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....are required to furnish necessary supporting document/evidence that the above receipts/incomes have been taken into account for computation of Income of the transferee company for the relevant Assessment Year. You are also required to provide a copy of the order of the relevant authority/court ordering merger/amalgamation. RAVINDER GUPTA CIRCLE 13(1), DELHI" 4. As is manifest ....