ZOOM INSURANCE BROKERS PVT. LTD vs ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 25(1)

Judgment text excerpt

$~74 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision : 11.09.2025 + W.P.(C) 14027/2025 CM APPL. 57375/2025 ZOOM INSURANCE BROKERS PVT. LTD .....Petitioner Through: Mr. Mukesh Gupta, Adv. versus ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 5(1), NEW DELHI .....Respondent Through: Mr Anant Mann, JSC. CORAM: HON'BLE MR. JUSTICE V. KAMESWAR RAO HON'BLE MR. JUSTICE VINOD KUMAR V. KAMESWAR RAO, J. (ORAL) CM APPL. 57376/2025 1. Exemption allowed, subject to all just exceptions. 2. The application is disposed of. W.P.(C) 14027/2025 CM APPL. 57375/2025 (Stay) 3. The present petition has been filed by the petitioner seeking the following prayers: “1. To set aside the notice dated 24.03.2025 and 28.05.2025 issued u/s 148A(1), the order passed u/s 148A(3) and notice dated 23.06.2025 issued u/s 148 of the income tax act for the assessment year 2019-20 by the respondent . 2. To stay the operations of the impugned notice dated 23.06.2025 issued u/s 148 of the Income Tax Act. Signature Not Verified Signed By:PRADEEP W.P.(C) 14027/2025 Page 1 of 13 SHARMA Signing Date:15.09.2025 11:07:08 3. Pass such other order or orders as this Hon’ble court may deem fit and proper in the circumstances of the case.” 4. The present petition has been filed seeking quashing of the impugned notices dated 24.03.2025 and 28.05.2025 issued under Section 148A(1) of the Income Tax Act, 1961 (‘the Act’, hereinafter); order dated 23.06.2025 under Section 148A(3) of the Act pertaining to the Assessment Year 2019- 20 and notice dated 23.06.2025 under Section 148 of the Act. 5. Mr. Mukesh Gupta, learned counsel for the petitioner has argued that the petitioner had filed its return of income on 17.10.2019 wherein the petitioner declared the income of Rs. 3,06,93,740/- and the same was revised on 21.12