TMI Blog2013 (7) TMI 482X X X X Extracts X X X X X X X X Extracts X X X X ..... er Writ of 2001, which was allowed by this Court - Notice under Section 148 of the Income Tax Act for the assessment year 1997-98 is quashed - Decided in favour of assessee. - Writ Tax No.-1090 of 2001 - - - Dated:- 9-7-2013 - Sunil Ambwani And Surya Prakash Kesarwani,JJ. For the Petitioner : Krishna Agarwal, R. R. Kapoor, S. P. Gupta For the Respondent : S. S. C.,A. N. Mahajan, Ashok ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lowed Writ Tax No.1093 of 2001 (M/s Madan Madhav Fertilizer Chemicals P. Ltd., Farrukhabad Vs. Joint Commissioner of Income Tax ( Assessment), Agra) on 1.4.2013 and has quashed the notice. The finding recorded by the Court is quoted below : - "A bare perusal of the reasons reproduced above would show that the basis of re-assessment proceeding is the statement of Sri Jugual Kishore Soni. It is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore Soni to form an opinion that the income of the petitioner has escaped assessment. It is not the case of the Department that M/s. Raj Minerals and Chemicals and M/s. Nandini Enterprises to whom Rock Phosphate was allegedly supplied by Sri Jugual Kishore Soni through fake bills had not purchased Rock Phosphate from any other person. The reasons recorded by the authority concerned has no nexus to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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