TMI Blog2017 (9) TMI 1409X X X X Extracts X X X X X X X X Extracts X X X X ..... department was not oblivion of the stand of the firm that it was already dissolved and that therefore no longer engages in the same business. This would be clear from the reasons recorded by the Assessing Officer. Despite which, the Assessing Officer on the basis of materials on record, noted that TDS was deducted by the payee on the amounts paid or credited in favour of M/s. Vinay Printing Press ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the Petitioner Mrs Mauna M Bhatt, Advocate for the Respondent ORDER ( Per : Honourable Mr. Justice Akil Kureshi ) 1. This petition is filed by one Shri Naresh K. Desai, posing himself to be the expartner of one M/s. Vinay Printing Press, a partnership firm. The petitioner has challenged a notice dated 25.03.2017 issued by the respondent Assessing Officer for reopening the asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing tot he petitioner, the firm was a registered partnership firm and it was dissolved on 01.08.2007. Counsel for the petitioner submitted that this information was already supplied to the department earlier, ignoring it, the Assessing Officer has issued the impugned notice to a wrong person. 3. On the other hand, the case of the department is that during a search operation at the residential a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... our of M/s. Vinay Printing Press which would suggest that the said firm was in existence during the period relevant to assessment year 2010-11. He also noted that the ledger account in case of Narayan Sai and Aasaram Bapu showed sizable cash loan transactions with the firm. Such account showed credit and debit of several cash loan transactions running into crores of rupees. Admittedly, since the f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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