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2023 (3) TMI 367 - HC - Income TaxReopening of assessment - validity of order u/s 148A(d) passed without taking into consideration any of the contentions raised by the Petitioner - bogus accommodation entries from entities controlled by Mr. Himanshu Verma - Revenues states that there is information available on the insight portal from a credible source which discloses modus operandi of tax evasion - HELD THAT:- As this Court finds that the information furnished to the Petitioner and the impugned order do not specify in which bank account or account number, the alleged amount have been received by the Petitioner. Though the impugned order states that the asset is represented by bogus accommodation entries in the form of bank deposits, yet no details of any such deposit have been mentioned in the impugned order. Consequently, the impugned order passed under Section 148A(d) of the Act as well as the notice issued under Section 148 of the Act both dated 22nd July, 2022, for AY 2017-18 are set aside and the matter is remanded back to the Assessing Officer for a fresh determination. This Court permits the Assessing Officer to supply additional information, if any, in his possession to the Petitioner-Assessee within four weeks.
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