2023 (2) TMI 1360

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.... to be filed. 2. Therefore, with the consent of the counsel for the parties, the writ petition is taken up final hearing and disposal, at this stage itself. 3. This writ petition came up for hearing, in the first instance, on 23.01.2023. At that juncture, Mr Agarwal had raised a preliminary objection, which is, that the order qua which grievance was articulated in the writ petition was passed as far back as on 31.03.2022. 4. This order was passed under Section 148A(d) of the Income Tax Act, 1961 [in short, "Act"]. 5. Having regard to the objection taken, we had asked Mr Agarwal to return with instructions, as to whether or not in the intervening period, the Assessing Officer [AO] had passed an assessment order. 5.1 Mr Agarwal....

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....transactions fall within Financial Year 2017-18 [(AY) Assessment Year 2018-19]. 9.1 The aforementioned information is contained in the "Annexure" appended to the notice dated 23.03.2022 issued to the petitioner under Section 148A(b) of the Act. 10. We have, on record, the reply dated 26.03.2022 filed by the petitioner to the aforementioned notice. Briefly, the petitioner has denied having entered into transactions in the period under consideration with the entities referred to hereinabove. 11. We have asked Ms Rano Jain, who appears on behalf of the petitioner, as to whether any information/material was furnished to the petitioner, which linked the petitioner to the aforementioned entities. Ms Jain emphatically submits, that no inf....