In M. D. Saraf Securities Pvt. Ltd v. Income Tax Officer Ward 4(3)(1) And Ors, the High Court (2021) decided the matter.
Decision: Therefore said order is quashed and set aside.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
WRIT PETITION NO.2740 OF 2021
M. D. Saraf Securities Pvt. Ltd.
...Petitioner
Vs.
Income Tax Officer Ward 4(3)(1) and Ors.
...Respondents
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Mr. Madhur Agrawal i/b Mr. Atul K. Jasani for Petitioner.Mr. Sham V. Walve for Respondents.
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CORAM:K. R. SHRIRAM &AMIT B. BORKAR, JJ.DATED:7 DECEMBER 2021.
P. C. :
We have perused the notice dated 13/5/2021 issued under
section 148 of the Income Tax Act, 1961 (the said Act), objections filed bypetitioner vide its letter dated 24/5/2021 and the order dated 30/7/2021disposing the objections.
2.In the order dated 30/7/2021 impugned in the petition,respondent has not considered or dealt with any of the points raised bypetitioner. Therefore said order is quashed and set aside. Matter is
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remanded to the Assessing Officer who shall deal with every submissionsmade by petitioner in its reply dated 24/5/2021 and personal hearing begranted before passing order.
3.
With the above directions petition disposed with no order as
to cost.
(AMIT B. BORKAR, J.)
( K. R. SHRIRAM, J.)
Digitallysigned byRAJESHWARISUBODHRAJESHWARISUBODHKARVEKARVEDate:2021.12.0915:11:40+0530
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