2022 (3) TMI 1246

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... D. Sethna with Ms. Anuradha Dutt, Mr. Sachit Jolly, Mr. Mrunal Parekh and Mr. Hasmukh Ravaria, Advs. Respondents Through Mr. Sunil Agarwal, Sr. Standing Counsel with Mr. Tushar Gupta, Mr. Samarth Chaudhari, Advs. Mr. Ravi Prakash, CGSC. J U D G M E N T MANMOHAN, J (Oral): 1. Present writ petition has been filed by the petitioner challenging the impugned order dated 10th March, 2022, notice da .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n of income in India under Section 139(1) of the Act. In support of her submission, she relies upon the judgment of this Court in Nestle SA Vs. ACIT (IT), Circle (2)(2), New Delhi (2019) 417 ITR 213 (Delhi). 3. Issue notice. Mr. Sunil Agarwal, learned counsel accepts notice on behalf of respondents. He has handed over the instruction received by him from Deputy Commissioner of Income Tax, Circle .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pondents has doubted as to whether interest was received by the petitioner-assessee on rupee denominated bonds issued by an Indian company or a dollar denominated bonds issued by an Indian company. 5. However, a perusal of the paper book reveals that petitioner's case was selected for re-assessment on the ground that petitioner's case was flagged in the Non-filers Monitoring System (NMS). Consequ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X