9911796707
TMI Blog2022 (3) TMI 1246X X X X Extracts X X X X X X X X Extracts X X X X ..... by the petitioner-assessee on rupee denominated bonds issued by an Indian company or a dollar denominated bonds issued by an Indian company - HELD THAT:- 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). Consequently, there is a contradiction between the reason given ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l): 1. Present writ petition has been filed by the petitioner challenging the impugned order dated 10th March, 2022, notice dated 30th March, 2021 under Section 148 of the Income Tax Act, 1961 (for short Act ), notices dated 3rd February, 2022 under Sections 143(2) and 142(1) read with Section 147 of the Act, issued by respondent No.1 and sanction issued under Section 151 dated 27th February ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... accepts notice on behalf of respondents. He has handed over the instruction received by him from Deputy Commissioner of Income Tax, Circle 3 (1) (1), International Taxation, New Delhi. The said instruction is reproduced as under:- In this regard, it is informed that the assessee has only furnished its audited financial statements vide response dated 8th March, 2022 till date. No other documen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... titioner s case was selected for re-assessment on the ground that petitioner s case was flagged in the Non-filers Monitoring System (NMS). Consequently, there is a contradiction between the reason given by the respondent in the re-assessment notice and the defence taken by the respondent in the present proceeding. 6. Keeping in view the aforesaid, this Court quashes the impugned order and notic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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