The Hisar Leading Bank Co-Op Non-Agri Thrift & Credit Society Vs. Income Tax Officer, Ward-1
Parties Involved
Facts Summary
The Hisar Leading Bank Co-Op Non-Agri Thrift & Credit Society did not file its Income Tax Return (ITR) for the Assessment Year 2015-16. A notice under section 148 of the Income Tax Act, 1961 was issued on 24-06-21. Subsequently, multiple notices were issued, including under section 148A(b) on 27-05-22 and section 148 on 27-07-22. The appellant argued that these notices were issued without proper procedure and formats. An assessment order was passed on 22-05-23, adding Rs. 3,07,74,424/- under section 69A of the Act, which the appellant contested as bad in law.…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the notice issued under section 148 of the Act dated 27.07.2022
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
4 precedents cited in this judgement.
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