2024 (10) TMI 89

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....ioner: Mr.T.Ramesh For the Respondents: Mrs.S.Premalatha, Jr. SC COMMON ORDER An assessment order dated 03.06.2024 and penalty order dated and 29.01.2024 are challenged in these writ petitions on the ground that the petitioner did not have a reasonable opportunity to contest the proposed addition on merits. A notice under Section 148A(b) of the Income Tax Act, 1961 was issued to the petit....

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....rsuant to the notice under Section 148. The impugned assessment order and penalty order were issued in the above facts and circumstances. 2. Learned counsel for the petitioner referred to the request made by the petitioner for permission to purchase the immovable property and to the proceedings of the Commissioner of Municipal Administration granting such permission. He further submits that the....

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....r, the entire sale consideration for the purchase of the immovable property, i.e., a sum of Rs.65,00,000/-, was added to the total income of the assessee. Such addition was made notwithstanding the fact that the petitioner had submitted documentary evidence with regard to the sanction of a loan of Rs.42,00,000/- by the Indian Overseas Bank. This aspect was noticed in the order under Section 148A(d....

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.... aside subject to the condition that the petitioner pays a sum of Rs.40,000/- as costs to the Adyar Cancer Institute with in fifteen days from the date of receipt of a copy of this order. The petitioner is also permitted to submit a reply to the show cause notice within the said period. In order to enable the petitioner to upload the reply, the respondents are directed to provide access to the por....