Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2021 (5) TMI 1084

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... hat questionnaires were served on the petitioner from time to time u/s 142(1) which replies were submitted by the petitioner, no show-cause notice, as envisaged in Central Board of Direct Taxes ( CBDT ) Instruction No. 20 of 2015, dated 29.12.2015, has been served on the petitioner. HELD THAT:- As respondent, says that he has not been able to obtain instructions in the matter as the concerned Prin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... COVID-19] CM APPL. No. 15968/2021 1. Allowed, subject to just exceptions. CM APPL. No. 15969/2021 2. This is an application filed on behalf of the petitioner seeking exemption from filing the attested affidavits along with the writ petition as also extension of time for depositing the requisite court fees. 3. The prayer made in the captioned application is allowed, subject to the petitioner placi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o state that tax at the rate of 60% has been levied in terms of Section 115BBE of the Act. 5.3. Resultantly, according to Mr. Goel, the tax demand raised has scaled up to ₹ 92,14,550/-; an amount, which is more than the addition made by the AO. 5.4. It is Mr. Goel's submission that, although, questionnaires were served on the petitioner from time to time under Section 142(1) of the Act, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g with necessary evidences/reasons forming the basis of the same. Before passing the final order against the proposed additions/disallowances, due consideration shall be given to the submissions made by the assessee in response to the show-cause notice. 5.5. Mr. Goel also draws our attention to the fact that a similar issue has been raised in two writ petitions, i.e., W.P.(C.) Nos. 5087/2021 and 4 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates