Allowing the petition the Court held that the information that the Assessing Officer or Inspector gathered concerning the transactions in issue had not been furnished to the assessee. Accordingly the notice and order disposing the objection. is quashed and set aside. (AY.2016-17)
Charu Chains and Jewels Pvt. Ltd. v. CIT (2023)456 ITR 352/ 150 taxmann.com 93/(2024) 336 CTR 388 (Delhi)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Material forming basis for such reason has to be furnished-Notice and order disposing the objection is seta side. [S. 147 148, 148(A), 148(d), Art. 226]