GOVERNMENT OF INDIA

MINISTRY OF FINANCE
INCOME TAX DEPARTMENT
OFFICE OF THE INCOME TAX
OFFICER
ITO PARWANOO

To,
*ITBA100046136717*

SHREE SIDDI VINAYAK FORGING PRIVATE

LIMITED
Village Nangal Uprala , Tehsil Nalagarh
174101 , Himachal Pradesh
India

PAN: A.Y: Dated: DIN & Notice No:

AAICS8788C 2018-19 19/03/2022 ITBA/AST/F/148A(SCN)/2021-
22/1041050229(1)

Notice under clause(b) of section 148A of the Income-tax Act,1961

Sir/Madam/M/s

Whereas I have information which suggests that income chargeable to tax for the Assessment Year
2018-19 has escaped assessment within the meaning of section 147 of the Income-tax Act, 1961. The
details of the information and enquiry, if conducted, are enclosed with this notice in Annexure A.

2.You are required to show-cause as to why, in view of the details contained in Annexure A, a notice
section 148 of the Income tax Act, 1961 should not be issued.

3.You may, to the extent technologically feasible, submit your response with supporting documents (if
any) on the above mentioned issues electronically in 'e-proceeding' facility through your account in e-
filing portal at your convenience on or before 26/03/2022.

4.This notice is being issued after obtaining the prior approval of the PCIT, Chandigarh-1 accorded on
date 19/03/2022 vide Reference No. 100000028876597.

SANGEETA VERMA
ITO PARWANOO

Note: If digitally signed, the date of digital signature may be taken as date of document.
,INCOME TAX OFFICE, PARWANOO, PARWANOO, Himachal Pradesh, 173220

Note:- The website address of the e-filing portal has been changed from www.incometaxindiaefiling.gov.in to www.incometax.gov.in.
* DIN- Document identification No.
 AAICS8788C- SHREE SIDDI VINAYAK FORGING PRIVATE LIMITED
A.Y. 2018-19
ITBA/AST/F/148A(SCN)/2021-22/1041050229(1)

ANNEXURE
.

. RMS (Risk Management System for the F.Y.

As per information received under
2017-18 relevant to A.Y. 2018-19, under ‘High Risk CRIU/VRU information, the
assessee Shree Siddi Vinayak Forging P. Ltd, PAN- AAICS8788C is engaged in the
business of manufacturing of Steel products. As per information received, the
assessee has shown Income from Other Source at Rs. 57,04,633/- during the year
under consideration and has shown Cash deposits of Rs. 82,700/- against which
huge Cash withdrawals of Rs. 1,19,00,000/- have been shown in Current Account in
State Bank of India the assessee has also shown huge time deposits of Rs.1Cr. The
details as well as source of such transactions call verification/clarification.

2. In view of the above facts, under the provisions of clause(b) of section 148A of
the Income Tax Act, 1961, you are hereby provided an opportunity of being heard
and asked to show cause as to why an amount of Rs.2,19,82,700/- should not be
treated as income which has escaped assessment and notice u/s 148 of the Income
Tax Act, 1961 may not be issued in your case on the basis of above referred
information available in record for the A.Y. 2018-19. This show cause is being issued
after requisite approval from the specified authority as per the provisions of section
11 of the Income Tax Act, 1961.

SANGEETA VERMA
ITO PARWANOO

(In case the document is digitally signed please

refer Digital Signature at the bottom of the page)

This document is digitally signed

Signer: SANGEETA VERMA
Date: Saturday, March 19, 2022 3:42 PM
Location: CHANDIGARH, India
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