Kaushik Shah Shares And Secrurities Private Limited v. The Deputy Commissioner Of Income Tax Circle 4(3)(1) Mumbai And 3 ORS

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY

Digitally signed by PURTI PRASAD PARAB Date:

2024.04.18 16:05:25 +0530 ORDINARY ORIGINAL CIVIL JURISDICTION PURTI PRASAD PARAB WRIT PETITION NO. 4783 OF 2022 Kaushik Shah Shares And Securities Private Limited ....Petitioner V/s.

The Deputy Commissioner of Income Tax, Circle - 4(3)(1), Mumbai and Ors.

...Respondents

---- Mr. Yash Prakash i/b PDS Legal for Petitioner. Mr. Suresh Kumar for Respondents.

---- CORAM : K.R. SHRIRAM & DR. NEELA GOKHALE, JJ.

DATED : 16th APRIL 2024 P.C. :

1.

Mr. Prakash states that the issue in this petition will be covered by the recent judgment of this Court in Godrej Industries Ltd. V/s. The Assistant Commissioner of Income Tax, Circle 14(1)(2), Mumbai and Ors.1 Mr. Suresh Kumar agrees.

2.

Therefore, impugned order passed under Section 148A(d) of the Income Tax Act, 1961 (the Act) and the notice issued under Section 148 of the Act in this petition are hereby quashed and set aside. Consequential assessment orders, demand notices and penalty notices, etc. are also quashed and set aside.

3.

Petition disposed.

1 2024 SCC Online Bom. 681 Purti Parab

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Since we have disposed the petition only on the issue of limitation, petitioner may raise the other contentions raised in this petition independently, if the need arise in other matters. (DR. NEELA GOKHALE, J.) (K.R. SHRIRAM, J.) Purti Parab