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TMI Blog2023 (5) TMI 477X X X X Extracts X X X X X X X X Extracts X X X X ..... at the petitioner/HUF had in fact filed its return, the matter would require re-examination by the AO. This is more so as when notice under Section 148A(b) of the Act was issued, the petitioner/HUF had sought accommodation, and in this context, had uploaded a communication dated 22.03.2023. The request for accommodation was reiterated on 29.03.2023. In this behalf, our attention has been drawn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , Adv. ORDER [Physical Hearing/Hybrid Hearing (as per request)] RAJIV SHAKDHER, J.: (ORAL) CM No.20555/2023 1. Allowed, subject to just exceptions. W.P.(C) 5253/2023 CM No. 20554/2023 2. Issue notice. 2.1 Mr Shailendera Singh, learned senior standing counsel, accepts notice on behalf of the respondents/revenue. 3. In view of the directions tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the principal allegation levelled against the petitioner/HUF is that it has registered bogus long term capital gains, by trading in stock of reputed entities. 5.2 It is alleged that the contract notes have been ante-dated. The allegation is that the petitioner/HUF has effectuated these bogus transactions with the aid and help of Karnam Securities Pvt. Ltd. 6. Pertinently, the foundation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed to notice that the petitioner/HUF had in fact filed its return, we are of the view that the matter would require re-examination by the AO. 8.1 This is more so as when notice under Section 148A(b) of the Act was issued, the petitioner/HUF had sought accommodation, and in this context, had uploaded a communication dated 22.03.2023. The request for accommodation was reiterated on 29.03.2023. In ..... X X X X Extracts X X X X X X X X Extracts X X X X
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