Aachman Marketing (P.) Ltd v. Dy. CIT [2023] 294 Taxman 737 (Cal)(HC)

S. 24 : Notice and attachment of property involved in benami transaction–Benami Property-Provisional Attachment-Show cause notice-Writ petition against show cause notice is dismissed-Directed to file the reply-Time to file reply is extended by a period of two weeks. [S. 24(1), Art. 226]

Petitioner had invested in movable property in form of mutual fund in financial year 2018-19. Revenue issued  show-cause notice dated 30th May, 2023, under section 24 of Prohibitions of Benami Property Transactions Act, 1988 by which petitioners were asked to give reply to same within 15 days from date of receipt of said show-cause notice and a date of hearing was also fixed on 13th June, 2023. Petitioner  challenged the  show-cause notice on ground of jurisdiction of revenue authority concerned. Dismissing the petition the Court held that   show-cause notice could not be interfered at this stage, however, time to file objection/response to a show-cause notice was extended by a period of two weeks. (AY. 2018-19)