2023 (6) TMI 1457

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..... or the petitioner Mr. Suresh Kumar for the respondents JUDGMENT [PER: KAMAL KHATA, J.] 1. This Petition under Article 226 of the Constitution impugns notice dated 27th March 2019 issued under section (u/s) 148 of the Income Tax Act, 1961 (Act) for Assessment Year (AY) 2012- 13 and the order dated 5th October 2019 rejecting the objections. 2. The record indicates that the Assessment Order u/s .....

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..... e failure to disclose any material fact. Upon examining the order u/s 143(3) we find that the AO has considered all documents and accepted the Business Loss at 12,14,41,599/- and allowed Unabsorbed Depreciation at Rs. Rs. 2,15,94,618/- to be carried forward to the subsequent years as per the Act. 4. We, therefore pass the following order- i. The impugned notice dated 27th March 2019 and the ord .....

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