Taluk Agricultural Produce Marketing Co-Operative Society Ltd. v. Income Tax Officer
Case brief
What is this about?
WP No. 9540 of 2026 (T-IT), High Court of Karnataka (HC-KAR), decided 26-03-2026, S Sunil Dutt Yadav J. Taluk Agricultural Produce Marketing Co-operative Society Ltd, Arsikere (Hassan) v. Income Tax Officer Ward 1 & TPS, Hassan and Assessing Officer, National Faceless Assessment Centre, Delhi. Ex parte assessment order (Annexure-C) after no reply to S. 148 notice, Income Tax Act 1961; cash deposits treated as unexplained income under S. 69-A; petitioner claimed deposits genuine and exempt under S. 80-P; re-opening notice dt. 28/03/2025, DIN ITBA/AST/S/148_1/2024-25/1075180269(1) (Annexure-B). Order set aside; remitted to stage of reply to S. 148 notice; all contentions open; petition disposed.
What did the court decide?
Assessment order at Annexure-C set aside; matter remitted to the stage of reply to the notice under Section 148 of the Act; all contentions kept open.