9911796707
TMI Blog2022 (1) TMI 791X X X X Extracts X X X X X X X X Extracts X X X X ..... ility. Therefore, to that extent, the impugned order can be interfered by remitting the case back to the respondent to pass a proper assessment order. However, it is noticed that the petitioner has himself offered to pay the tax under Section 44AD of the Income Tax Act, 1961 on the undiscussed income. Considering the above, the impugned order is set aside subject to the petitioner paying tax as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts furnished by the petitioner to substantiate that the petitioner acted only as a middleman in the auctions conducted by the Banks in auctioning the tractors which were financed by the Banks to various farmers who were defaulted. 3. It is submitted that the petitioner has produced all the certificates from individual buyers to the effect that the petitioner only acted as a middleman and that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iate order after considering the evidence on record. The learned counsel for the petitioner submits that similar relief may be granted to the petitioner in this case also. 6. Opposing the prayer in this writ petition, the learned Junior Standing Counsel for the respondent submits that the petitioner was issued with a notice under Section 148 of the Income Tax Act, 1961. However, the petitioner ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he impugned orders passed by this Court in somewhat identical case in W.P. No. 22807 of 2021 which was cited by the learned counsel for the petitioner. 9. The impugned order has not discussed the records furnished by the petitioner to distance himself from the entire liability. Therefore, to that extent, the impugned order can be interfered by remitting the case back to the respondent to pass a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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