AO must specify if ITR not been filed by appellant in his Section 148A(b) order

Ambika Kapur Vs ACIT (Delhi High Court) Court finds that the primary allegation in the notice issued under Section 148A(b) of the Act is that the petitioner has not filed ITR for the assessment year 2018-19. However, as the said fact has been rebutted by the petitioner, the Assessing Officer should have given a finding with regard to this fact at least in the order passed under Section 148A(d) of the Act. Further, as it is the petitioner’s case that all the high value transactions have been reported by the petitioner in its return of income and is willing to place on record the sale/purchas...