Dismissing the petition the Court held that notice under s. 148A(b) had been issued on the basis of information that the assessee had sold two immovable properties, gains thereof had not been disclosed; there are aspects which the AO needs to enquire into. Writ petition is filed after five months of passing of order under section 148(a)(d).(AY. 2019-20)
Heritage Holidays (P) Ltd. v. Asst. CIT(2023) 335 CTR 1101 (Delhi)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Failure to disclose capital gains-Sale consideration of immoveable properties-Writ petition is filed after five months of passing of order-Writ petition is dismissed.[S. 148A(b) Art. 226]