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TMI Blog2022 (2) TMI 1313X X X X Extracts X X X X X X X X Extracts X X X X ..... of the main partners died and the Firm was left with other partners, who were wife and daughter and therefore they needed time to take over the business and practically the business has come to a stand still and the Firm continues only for the purpose of recovery of dues - HELD THAT:- Taking note of the Assessment Order having been passed while observing that assessee has not filed any reply or r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roceedings from the stage of reply to the show cause notice dated 16.03.2021. - WRIT PETITION No.1570/2022 (T-IT) - - - Dated:- 2-2-2022 - THE HON'BLE MR.JUSTICE S. SUNIL DUTT YADAV Petitioners (By Sri Aravind V. Chavan, Advocate) Respondents (By Sri K.V. Aravind, Advocate for R1 to R4) ORDER The petitioner has sought for issuance of writ of certiorari to quash the re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scrutiny and notices have been issued. The assessee is stated to have furnished details regarding the initial queries. 3. It is further submitted that another show cause notice came to be issued under Section 142(1) of Income Tax Act dated 16.03.2021 calling for the details. Insofar as such show notice is concerned, the petitioner states that there has been some miscommunication and submits tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le observing that assessee has not filed any reply or response to the notice under Section 142(1) of the Income Tax Act and that the Assessing Officer in terms of Section 68 of the Income Tax Act has treated the deposit of Rs.9,98,82,660/- as unexplained and treated it as deemed income of the assessee and had directed to add the same to the income of the assessee for the Assessment Year 2018-2019, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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