TMI Blog2024 (3) TMI 733X X X X Extracts X X X X X X X X Extracts X X X X ..... int holder in the agreement for sale, but no payment has been made by Petitioner HELD THAT:- Revenue has strongly opposed the petition, but at the end he agreed that those details have to be sought from the husband for husband s assessment and not from Petitioner herein because the AO has accepted that Petitioner has not made any payment for purchase of property. We also have to notice that surprisingly the Principal Chief Commissioner of Income Tax has also accorded sanction for issuance of this order instead of directing the AO to drop the proceedings against Petitioner. We hereby quash and set aside the order passed u/s 148A(d) of the Act, because in our opinion, it is not a fit case for reopening the assessment in the case of Petitioner ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder : Information Code Information Description Source Count Amount Description Amount (Rs.) AIR-006 Purchased immovable property valued at Rs. 30,00,000 or more SUB REGISTRAR THANE VI 1 Amount 1,13,75,000/- 3. The above-mentioned information suggest that the income chargeable to tax has escaped assessment for the A.Y.-2016-2017. Therefore, you are hereby required to show-cause as to why proceedings u/s 148 of the Income Tax Act should not be initiated against you. Your reply should be supported by following details/documents : i) Head-wise computation of income. ii) Details of purchase of immovable property during F.Y.-2015-2016 supported with copy of registered agreement with Index-II. iii) Details of payment made and source for acquisiti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... see has not submitted the details of source of Rs. 88,75,000/- paid for purchase of property by her husband, source and the details of receipt of amount from the relatives, whereas the husband s income is only Rs. 18,49,980/-. 4. Though Mr. Gupta has strongly opposed the petition, but at the end he agreed that those details have to be sought from the husband for husband s assessment and not from Petitioner herein because the AO has accepted that Petitioner has not made any payment for purchase of property. 5. We also have to notice that surprisingly the Principal Chief Commissioner of Income Tax has also accorded sanction for issuance of this order instead of directing the AO to drop the proceedings against Petitioner. 6. In the circumstanc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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