2024 (6) TMI 574

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.....S.G.I., Gaurav Mahajan, Manu Ghildyal, Naveen Chandra Gupta. ORDER 1. Heard Sri Kishore Kunal along with Ms. Parinita Gupta, learned counsel for the petitioner, Sri Gaurav Mahajan, learned counsel for Income Tax Department and Sri Manu Ghidyal, learned counsel for the revenue. 2. Present petition has been filed for following relief: "(i) Issue a writ, order or direction in the n....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ith respect to deposits made by M/s Olivia Tradelinks India Pvt. Ltd. With respect to that, it is the petitioner's case that he had disputed any transaction performed by M/s Olivia Tradelinks India Pvt. Ltd. involving deposits of any cash by that entity in the petitioner's bank account. It was further case that all bank transactions of the petitioner had been examined in the scrutiny asses....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....;X' and retained on record. Relying on the written instructions, Sri Manu Ghidyal, learned counsel for the revenue would submit that there was survey in the case of M/s Olivia Tradelinks India Pvt. Ltd. and other entities (not involving the petitioner). In that information had been received, that money has been brought by M/s Olivia Tradelinks India Pvt. Ltd to the petitioner's bank accoun....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ade, inasmuch as the notice issued to the petitioner under Section 148A (b) of the Act dated 29.02.2024, was not complete. 10. In view of the fact that the petitioner has earlier faced scrutiny assessment for the same assessment year, wherein he claims to have disclosed all bank accounts with respect to which reassessment has been drawn, we consider it desirable that appropriate consideration b....