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2024 (2) TMI 642 - KERALA HIGH COURTValidity of notice proposing for Best Judgement assessment u/s 144 - Failure to file ITR in response to notice u/s 148 r.w.s. 142(1) due to medical reasons and recovery proceedings against the company under the provisions of SARFAESI Act - unexplained income under Section 69A - HELD THAT:- Managing Director of the company is suffering with certain kind of mental illness and for that reason the relevant documents could not be submitted by the petitioner’s company before the Income Tax Department. The petitioner company maybe granted a further time of six weeks for producing the relevant documents, as a last chance. Considering the illness of the Managing Director. As respondents submits, that for the past one year the petitioner has been seeking time and has not complied with the notices issued to him. The petitioner has not filed its return. There is an unexplained income of the petitioner Present writ petition is disposed of, with liberty to the petitioner to file return and submit all the requisite documents in response to the notice dated 09.01.2024, within a period of six weeks from today (16.02.2024), failing which, the revenue will proceed to finalize the assessment u/s 144 of the Income Tax Act.
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