TMI Blog2021 (10) TMI 978X X X X Extracts X X X X X X X X Extracts X X X X ..... mains unsubstantiated. There is absolutely no whisper about petitioner s request to grant time to get statement from ICICI Bank, Nariman Point Branch for the account of the son that has been close - we have no hesitation in setting aside the impugned order dated 20th September, 2021. Though respondent have been served a copy of the petition on 12th October, 2021 no reply has been filed. We requested Mr. Suresh Kumar who was present in the court to assist the court. Mr. Suresh Kumar stated that Mr. Sham Walve was briefed in the matter, but Mr. Sham Walve is unwell. At the same time, Mr. Suresh Kumar in fairness stated that as the documents annexed to the petition speak for themselves, the court may set aside the impugned order and rema ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. As the information available on the departmental database showed petitioner had entered into financial transaction relating to purchase of property and petitioner did not file return of income for the year under consideration, the case was selected for scrutiny under Section 147 of the Income Tax Act, 1961 (the Act) read with Rule 12E of the Income Tax Rules, 1962 to verify sources of purchase of property. Subsequently, notice under Section 148 of the Act was also issued. By the notice dated 15th September, 2021, petitioner was directed to provide various documents and also called upon to show cause why the proposed variation should not be made to the return of income filed by petitioner. This show cause notice has been digitally signed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ot supported by any documentary evidence such as bank account statement correlating the payments made to the builder etc. Therefore the sources of investment made for purchase of aforementioned immovable property apart from the loan amount of ₹ 60,00,000 remains unsubstantiated. 5. There is absolutely no whisper about petitioner s request to grant time to get statement from ICICI Bank, Nariman Point Branch for the account of the son that has been closed. 6. In the circumstances, we have no hesitation in setting aside the impugned order dated 20th September, 2021. 7. Though respondent have been served a copy of the petition on 12th October, 2021 no reply has been filed. We requested Mr. Suresh Kumar who was present in the cour ..... X X X X Extracts X X X X X X X X Extracts X X X X
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