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IN THE HIGH COURT OF KERALA
A.M. Babu, J
South Coast Spices Exports Pvt. Ltd. (M/s.) v. Principal Commissioner of Income Tax
| Table of Content |
|---|
| 1. writ petition challenges notices issued under s.153c. (Para 1) |
| 2. petitioner's argument on lack of satisfaction note validity. (Para 2) |
| 3. assessment based on evidence during search operation. (Para 3) |
| 4. court's rejection of petitioner's claims regarding the din and satisfaction notes. (Para 4) |
| 5. final determination to dismiss the writ petition. (Para 5) |
1. The present writ petition has been filed impugning Exts. P1 to P6 notices under S.153C of the Income Tax Act 1961 (for short, 'IT Act') for the Assessment Years 2015-16 to 2020-21; Exts.P7 to P11 Assessment Orders dated 28.03.2023 for the Assessment Years 2015-16 to 2019-20; and Exts.P12 and P13 Assessment Orders dated 29.03.2023 for the Assessment Years 2020-21 and 2021-2022 whereby the petitioner's total income has been assessed as Rs.92,87,317/-, loss of Rs.33760/-, loss of Rs.35,402/-, loss of Rs.3,25,893/-, loss of Rs.1,23,311/-, Rs.10,00,000/- and Rs.5,10,00,000/- respectively for the Assessment Years from 2015-16 to 2021-22.
2. Learned Counsel for the petitioner submits that the petitioner has approached this Court against the Assessment Orders because the proceedings in issuing the notices under S.153C of
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