Dismissing the petition the Court held that though the original assessment was completed u/s 143 (3) of the Act on the basis of subsequent information from DIT (Inv) based on the search and seizure action regarding bogus accommodation entries prima facie issue of reassessment notice was held to be justified. (AY. 2012-13)
Amber v. Dy. CIT (2021) 437 ITR 45 / 282 Taxman 178 / 203 DTR 412 / 321 CTR 489 (Orissa) (HC)
S. 147 : Reassessment-Search and seizure-Information from DIT (Inv)-Bogus accommodation entries-Reassessment notice is held to be valid. [S. 68, 132(4), 148, Art. 226]