2024 (10) TMI 1769

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....on'ble Ms. Justice Swarana Kanta Sharma For the Petitioner : Mr. Bhupinder Jit Kumar, Advocate. For the Respondents : Mr. Siddhartha Sinha, Senior Standing Counsel for Revenue. ORDER 1. The petitioner has filed the present petition, impugning a notice dated 19.03.2024, issued by the Assessing Officer (hereafter the AO), under Section 148 of the Income Tax Act, 1961 (hereafter the A....

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....ct and therefore the provisions of Section 148A of the Act were not excluded. 3. None of the aforesaid contentions are merited. The fact that the AO had received information, in accordance with the risk management strategy formulated by the CBDT, did not oust the provisions of Explanation 2(iv) to the proviso to Section 148 of the Act. In the present case, a search was conducted on Galaxy Group....