AdvertisementNaresh Balchandrarao Shinde Vs ITO (Bombay High Court – Nagpur Bench) The Bombay High Court allowed the writ petition challenging the order dated 31.03.2022 passed under Section 148A(d) of the Income-tax Act, 1961 and the consequential notice issued under Section 148 for Assessment Year 2015-16. The petitioner, an individual assessee, was issued a notice under Section 148A(b) on 23.03.2022 alleging that income chargeable to tax had escaped assessment. The notice referred to three transactions: purchase of immovable property worth ₹40,00,000, cash deposits of ₹20,71,500, and cash depo...