TaxTMI 
TaxTMI 
2024 (12) TMI 507
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.... 9563, 9566, 9569, 9572, 9573 and 9576 of 2022 - -<br>Income Tax<br>Honourable Mr.Justice C. Saravanan For the Petitioner (in both W.Ps) : Mr. A.S. Sriraman For the Respondents (in both W.Ps) : Mr. B. Ramanakumar Senior Standing Counsel COMMON ORDER By this common order, both these Writ Petitions are being disposed of. 2. In these Writ Petitions, the petitioner has challenged the notice issue....
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....sons provided for re-opening of the Assessment reads as under:- "On verification of the bank statements, it was observed that credits in the bank account of Sri Meruva Sanjeeva Kumar are by cash to the tune of Rs.30,32,416/- made by the assessee company in account No.067501501730 in M/s ICICI Bank, Vadodara Branch used to transfer money as well as deposited cash for disbursement of the same to l....
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....nt need not be furnished at the time of re-opening of the Assessment, as long as there are information available for the Department for re-opening of the Assessment after it was completed. 4. The petitioner has challenged the notice on the ground that the notice has been issued after 01.04.2021 and therefore without jurisdiction and ought to have been completed in accordance with the new provisio....
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....a. It is submitted that the petitioner has merely attempted to distance its liability by referring to the bank transfers made from its account to the said employee which was not relevant. It is submitted that informations based on which the proceedings were initiated and completed need not be furnished to the petitioner. 7. I have considered the arguments advanced by the learned counsel for the p....