JUDGMENT

[Physical Hearing/Hybrid Hearing (as per request)]

Girish Kathpalia, J.: (Oral)

W.P.(C) 5136/2023 & CM No.20063/2023 [Application filed on behalf of the petitioner seeking interim relief].

1. By way of this writ petition brought under Articles 226/227 of the Constitution of India, the writ petitioner has assailed order under Section 147 read with Section 144B of the Income Tax Act for the Assessment Year 2018-19, coupled with the demand notice under Section 156 of the Act, both dated 15.03.2023. On service of notice, the respondent revenue entered appearance through counsel, who took time to file a counter-affidavit. Vide order dated 24.04.2023, interim protection was granted, thereby directing the respondent revenue not to take precipitate steps till further directions.

2. However, subsequently, the respondent revenue opted not to resist the petition. Learned counsel for respondent, in all fairness, conceded to the lacunae that had crept in the process culminating into the impugned assessment order and demand notice.

3. Briefly stated, the circumstances relevant for the present purposes are as follows.

3.1. By way of order dated 21.03.2022 under Section 148A(d) of the In