Writ petition was filed challenging the order passed under section 147 and section 144 read with section 144B of the Income-tax Act, 1961 and notice of demand. The Court held that no notice under section 143(2) had been issued the Assessing Officer did not take cognizance of the reply filed by the assessee while passing the order under section 148A(d) of the Act. The operation of the order under section 147 and section 144 read with section 144B and demand notice under section 156 were stayed. The matter was to be listed on October 13, 2023. (AY. 2018-19)
Absolute Entertainment Pvt. Ltd. v ACIT (2023)454 ITR 655 (Delhi)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Reply of assessee was not considered-Notice was responded-Assessment order and notice of demand was stayed. [S. 142(1), 143(2), 144 144B, 148, 148A(d), Art, 226]