Escaped assessment of outward foreign remittances – HC Orders Re-examination of Material

Ashok Kumar Sinha Vs ACIT (High Court Delhi) Introduction: Ashok Kumar Sinha filed a writ petition against the notice issued under Section 148A(b) of the Income Tax Act, 1961, the assessment order passed under Section 148A(d), and the consequential notice issued under Section 148. The petitioner argued that the assessment order and notices were passed without considering the detailed response filed by him, which explained the charge of escaped assessment related to outward foreign remittances. The Delhi High Court heard the case and disposed of the petition, setting aside the order and notices...