THE HON’BLE THE CHIEF JUSTICE SRI APARESH KUMAR SINGH AND THE HON’BLE SRI JUSTICE G.M.MOHIUDDIN

ORDER:

Heard Mr. T. Suryanarayana, learned Senior Counsel representing Ms. K. Srilatha, learned counsel for petitioner and Ms. Bokaro Sapna Reddy, learned Senior Standing Counsel for Income Tax Department appearing for respondents.

2. Notice under Section 148 of the Income-tax Act, 1961 (for short ‘the Act’) dated 22.04.2024 and order passed under Section 148A(d) of the Act also dated 22.04.2024, are under challenge in the instant Writ Petition.

3. The matter relates to the Assessment Year 2017-18. An Assessment Order in respect of the petitioner’s return of income was passed by the Income Tax Officer, Ward 1(1), Hyderabad, on 20.12.2019 making additions under Section 68 of the Act. Thereafter, the Income Tax Officer passed an order dated 23.12.2019 under Section 154 of the Act read with Section 143(3) of the Act rectifying a typographical error in the Assessment Order wherein an adjustment of Rs.40,00,00,000/- was erroneously mentioned as Rs.40,00,000/-. Subsequently, another notice under Section 154 of the Act dated 20.01.2022 was issued by respondent No.1 for rectification of the order