Vision Diagnostic India Pvt. Ltd. vs ACIT

Parties Involved

Facts Summary

The assessee filed a return for the Assessment Year (A.Y.) 2020-21 on 31.12.2020, declaring an income of Rs. 3,98,76,680/-. Information flagged on the Insight Portal of the Department regarding accommodation entries taken by the assessee from the Galaxy Group and others led to a search action under section 132 of the Act on 17.11.2021. Based on the information, the Assessing Officer (AO) noted transactions with the entry provider Shri Deepak. A show-cause notice under section 148A was issued on 17.12.2025, and after considering the assessee's replies, the AO passed an order under section 148A(d) on 31.03.2024 and issued a notice under section 148 on the same date. The assessment was completed under section 147 on 31.03.2025, with various additions.…

Legal Issues

• 1. Invalid notice under section 148 based on factually incorrect order under section 148A(d) of the Act.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• Woodland Retails Private Limited Vs. Income Tax Officer, Ward 9(1)

  D Bench, Kolkata benchAY 2015-16Allowed

• Jayshree Nilam Patel vs. Income Tax Officer

  Ahmedabad bench

• WAW Digitrade Private Limited Vs. AO, Faceless Assessment Centre, Delhi

  Delhi Bench benchAY 2014-15Allowed

• Arvindbhai Khatri Sons Designs Private Limited v/s. Assistant Commissioner of Income Tax

• Nitin Harilal Shah Vs. ITO, Ward-19(2)(4)

  Mumbai Bench benchAY 2016-17Allowed

• Akshay Deepak Talim v/s Income Tax Officer (International Taxation)