9911796707
TMI Blog2022 (9) TMI 1148X X X X Extracts X X X X X X X X Extracts X X X X ..... all the relevant material, information and documents, including the two documents shown to this Court today after redacting third party information. The petitioner is given liberty to file an additional reply/response within four weeks thereafter. Along with its reply/response, the petitioner shall enclose copies of its Demat Account and its Bank Account Statement. AO is directed to pass a fres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vant portion of the order dated 18th August, 2022 is reproduced hereinbelow:- Learned counsel for the petitioner states that the Petitioner filed its return of income for the relevant Assessment Year declaring an income of Rs.10,80,404/- and an intimation under Section 143(1) of the Act was issued. He states that the Petitioner received the impugned show cause notice dated 17th May, 2022 issu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... idence to show that the alleged information was incorrect and therefore the transaction of Rs.87,60,348/- undertaken by the Petitioner remained unexplained. It is not understood by this Court as to how the petitioner can prove the negative! It is pertinent to mention that no instance of any transaction between the petitioner and Mr.Naresh Manakchand Jain has been placed on record by the Asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ents shown by Mr.Maratha today should have been enclosed with the notice issued under Section 148A(b) by the respondents-revenue to the petitioner. 6. To balance the equities, this Court sets aside the order dated 29th June, 2022 issued under Section 148A(d) of the Act for the assessment year 2014-15 and directs the respondents-revenue to issue a supplementary notice under Section 148A(b) of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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