2023 (3) TMI 1517

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..... nt paid towards loan is sought to be treated as income chargeable to tax, which according to the AO, has escaped assessment - HELD THAT:- Issue notice. Respondents accepts notice on behalf of the respondents/revenue. Respondents says that he will return with instructions. In case instructions are received to resist the writ petition, counter affidavit will be filed before the next date of hearing. .....

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..... 3804/2023 CM No. 14822/2023 [Application filed on behalf of the petitioner seeking interim relief] 2. This writ petition concerns Assessment Year (AY) 2015-16. 3. Mr. Ved Jain, who appears on behalf of the petitioner, says that in the notice issued under Section 148A(b) of the Income Tax Act, 1961 [in short, Act ], the allegation made against the petitioner was, that it had received loan from its .....

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..... escaped assessment. 6. Issue notice. 6.1 Mr. Kunal Sharma, learned senior standing counsel, accepts notice on behalf of the respondents/revenue. 7. Mr. Sharma says that he will return with instructions. 8. In case instructions are received to resist the writ petition, counter affidavit will be filed before the next date of hearing. 9. List the matter on 28.04.2023. 10. In the meanwhile, there sha .....

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