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TMI Blog2022 (10) TMI 297X X X X Extracts X X X X X X X X Extracts X X X X ..... Counsel for the Revenue with Mr.Vipul Agrawal and Mr.Parth Semwal, Advocates. JUDGMENT MANMOHAN, J (Oral): C.M.No.38500/2022 Exemption allowed, subject to all just exceptions. Accordingly, the application stands disposed of. W.P.(C) No.12677/2022 & C.M.No.38501/2022 1. Present writ petition has been filed challenging the order passed under Section 148A(d) of the Income Tax Act, 1961 [ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lla and not Mr. Dev Narayan. 4. He further states that the entire sales and records of the assessee had been verified and accepted in the original scrutiny assessment concluded vide assessment order dated 4th March, 2021 and therefore, the sale proceeds of goods sold by the assessee and monies received for the purpose from the buyer through RTGS in the bank cannot be regarded as unexplained cash ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The impugned Section 148 notice dated 23rd July, 2022 has been passed by the Assessing Officer within the time granted by the Court and, therefore, the said notice cannot be considered time barred as sought to be alleged by the Petitioner. 6. This Court is of the view that the issue whether the transaction was executed by the Petitioner with Nitin Trading Company, a proprietorship of Mr. Aman Bh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... venue when the scrutiny assessment was carried out.
9. Consequently, the present writ petition along with pending application is dismissed. However, the Petitioner is given liberty to raise all contentions and submissions before the Assessing Officer.
10. Needless to state that the Assessing Officer shall decide the matter on its own merits in accordance with law. X X X X Extracts X X X X X X X X Extracts X X X X
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