Wp/4783/2022 Of Kaushik Shah Shares And Secrurities Private Limited v. The Deputy Commissioner Of Income Tax Circle 4(3)(1) Mumbai And 3 Ors

IN THE HIGH COURT OF JUDICATURE AT BOMBAYDigitallysigned byPURTIORDINARY ORIGINAL CIVIL JURISDICTIONPURTIPRASADPRASADPARABPARABDate:2024.04.1816:05:25+0530WRIT PETITION NO. 4783 OF 2022 Kaushik Shah Shares And SecuritiesPrivate Limited V/s. The Deputy Commissioner of IncomeTax, Circle – 4(3)(1), Mumbai and Ors. ….Petitioner …Respondents ---- Mr. Yash Prakash i/b PDS Legal for Petitioner.Mr. Suresh Kumar for Respondents. ---- CORAM : K.R. SHRIRAM & DR. NEELA GOKHALE, JJ. DATED : 16[th] APRIL 2024 P.C. : 1.Mr. Prakash states that the issue in this petition will be coveredby the recent judgment of this Court in Godrej Industries Ltd. V/s. TheAssistant Commissioner of Income Tax, Circle 14(1)(2), Mumbai and Ors.[1]Mr. Suresh Kumar agrees. 2.Therefore, impugned order passed under Section 148A(d) ofthe Income Tax Act, 1961 (the Act) and the notice issued under Section 148of the Act in this petition are hereby quashed and set aside. Consequentialassessment orders, demand notices and penalty notices, etc. are alsoquashed and set aside. 4.Since we have disposed the petition only on the issue oflimitation, petitioner may raise the other contentions raised in this petitionindependently, if the need arise in other matters. (DR. NEELA GOKHALE, J.) (K.R. SHRIRAM, J.)