2026 (7) TMI 431

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....16-6-2026<br>Writ Petition No. 16497 of 2026 (T - IT) - -<br>Income Tax<br>HON&#39;BLE MR. JUSTICE B M SHYAM PRASAD For the Petitioner : Sri. Girish V Bhat., Advocate For the Respondents : Sri. Thirumalesh M., Advocate For R1 To R3 ORAL ORDER: The petitioner is a Primary Agricultural Cooperative Society, and it is aggrieved by the Assessment Order dated 14.01.2026 [Annexure-N] and the ....

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....the Act observing that the petitioner has received cash deposits into its accounts, with withdrawals as well, maintained with the Hassan District Co-operative Central Bank Limited [HDCC Bank]. 3. Sri Girish V Bhat, the learned counsel for the petitioner, submits that the petitioner, as a Primary Agricultural Co-operative Bank, acts as an Intermediary Institution facilitating agricultural credit....

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....n W.P.12474/2026 has disposed of the writ petition quashing the Notice under Section 148 of the Act and all other subsequent proceedings with liberty to the concerned to file reply to the Notice under Section 148A(b) of the Act and appear for personal hearing on a date fixed without further notice. The learned counsel also emphasizes that this Court has observed that communication to the Bank stan....

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....first set of reasons for interference, the next reason is that the Orders under Section 148A(d) of the Act as also the Assessment Order are without the petitioner's participation. The petitioner pleads bona fides in offering cause for non-participation in these proceedings. Hence, the following: ORDER [A] The petition is allowed-in-part and the impugned Assessment Order dated 14.01.202....