9911796707
TMI Blog2024 (1) TMI 558X X X X Extracts X X X X X X X X Extracts X X X X ..... was given to him. The assessment order would disclose that all replies given by the petitioner were considered. Even if some aspects were not considered, statutory remedy of appeal against the assessment order is available to the petitioner. There is no ground to entertain the present writ petition and the same is hereby dismissed leaving it open to the petitioner to take recourse to any other remedy available to him under the law. - HONOURABLE MR. JUSTICE DINESH KUMAR SINGH For the Petitioner : By Advs. M. Gopikrishnan Nambiar, Joson Manavalan, Kuryan Thomas, Raja Kannan For the Respondent/S: Sri. S. Manu, DSGI; Sri. Christopher Abraham, SC For R2, Sri. Jose Joseph, SC For R2 JUDGMENT The present writ petition under Article 226 of the C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Act was issued on 2.9.2021, which was served on the petitioner. The petitioner was required to comply with the notice within a period of fifteen (15) days. However, the petitioner did not comply with the said notice. Further notice under Section 142(1) was issued, along with a detailed questionnaire pertaining to the financial dealings of the business concern. In response to the said notice, the petitioner filed written submission, along with copies of Bank statement maintained with the Axis Bank, details and denomination of currencies deposited in the Bank account during the demonetisation period, profit and loss account and the balance-sheet. The petitioner had submitted the Bank statement only up to the month of September, 2016 an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly. 5. The petitioner had deposited cash of Rs. 37,17,000/-, but he could not submit source of deposit of Rs. 36,17,000/- and therefore, the said deposit of Rs. 36,17,000/- was added to the total returned income of Rs. 12,97,600/- under Section 68 of the Act. Thus, the total income assessed under Sections 147 r/w 143(3) 144B of the Act was determined to be Rs. 49,14,600/-. It was ordered to initiate penalty proceedings under Section 271AAC and to charge interest as per the rule. 6. Learned counsel for the petitioner submits that the petitioner has filed this writ petition alleging that his reply to the notice under Section 142(1) dated 3.3.2022 was not considered. He further submitted that the petitioner was not given personal hearing. 7. I ..... X X X X Extracts X X X X X X X X Extracts X X X X
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