2024 (10) TMI 1487

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....r Amit Kaushik, Advocate. For the Respondent Through: Mr Vipul Aggarwal, SSC, Mr Girban Naushad and Ms Sakshi Shairwal, JSCs. VIBHU BAKHRU, J. (ORAL) 1. Issue notice. The learned counsel for the Revenue accepts notice. 2. The petitioner has filed the present petition, inter alia, impugning the order dated 23.09.2024 (hereafter the impugned order) passed under Section 270AA of the Incom....

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....h the funds were arranged. For the aforesaid reason, the assessee had made an addition of Rs. 23,29,606/- being on account of the negative spread of interest. 5. Prima facie, this case would not be one of mis-reporting as the facts on the basis of which additions have been made appear to be disclosed by the assessee. 6. The AO had issued the Show Cause Notice dated 17.09.2024 to the assessee....