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No notice should be issued under Section 148A(b) in absence of undeclared/unexplained income
Case Law Details
- Case Name
- Zoom Insurance Brokers Pvt. Ltd Vs ACIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2019-20
- Courts
- All High Courts, Delhi High Court
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Zoom Insurance Brokers Pvt. Ltd Vs ACIT (Delhi High Court)
Conclusion: Amount of ₹82,25,822/- had already been disclosed in its return and books of account, could not be examined in writ jurisdiction. Whether the said sum represents a genuine brokerage transaction or a spurious/bogus entry was a matter of factual verification, which fell within the domain of the AO.
Held: In the instant case, the grievance of assessee was directed against the impugned notices dated 24.03.2025 and 28.05.2025 issued under Section 148A(1); the order passed under Section 148A(3); and the consequ...
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