Order

14/05/2025

Per, Shree Chandrashekhar, J.

Through this writ petition, the petitioner-Geetanjali Infosystems Private Limited seeks to challenge the show cause notice dated 26^th March 2024 issued under section 148A(b) of the Income Tax Act, 1961 . In relation thereto, the petitioner-company has also challenged the order dated 16^th April 2024 passed under section 148A(d) of the Income Tax Act.

2. The petitioner-company is engaged in the business of real estate. It was assessed to income and filed its revised return of income under section 139(1) of the Income Tax Act for Assessment Year 2017-18 on 13^th March 2018. However, a show cause notice was issued to it on 26^th March 2024 in respect of money received by it from M/s Shah Coloured and Flavour Spirit Manufacturer Private Limited (in short, M/s SCFSMPL). It was stated in the said show cause notice that the transaction with M/s SCFSMPL was not explained in the return of income and it was considered as an undisclosed income of the petitioner-company which had escaped assessment. The petitioner-company was, therefore, asked to furnish informations and details in that regard and to make its objections why a re-assessment proceeding be