2025 (1) TMI 391

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....h: Ms. Shreya Jain and Mr Gaurav Tanwar, Advocates. For the Respondent Through: Mr Siddhartha Singh, SSC. VIBHU BAKHRU, ACJ. (ORAL) 1. Issue notice. The learned counsel for the Revenue accepts notice. 2. The petitioner has filed the present petition, inter alia, impugning a notice dated 05.08.2024 (hereafter the impugned notice) issued under Section 148A (b) of the Income Tax Act, 1961....

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....ceived by him as evident from 26AS and Aggregated GST Transactions report are bogus and the amounts paid by the assessee i.e. M/s Jindal Saw Ltd. (PAN:AABCS7280C) of Rs.79,17,086/-, which is in the form of expenditure, during the year under consideration be disallowed in its books of accounts accordingly. Therefore, amount paid by the assessee of Rs.79,17,086/-, which is in the form of expenditure....

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....ner's case that the impugned order is unsustainable as it is at variance with the allegations that were made in the impugned notice issued under Section 148A (b) of the Act. 8. The learned counsel appearing for the Revenue is unable to counter the aforesaid submission. 9. We find merit in the contention that the allegations made in the impugned order under Section 148A (d) of the Act is at v....