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2014 (12) TMI 1264 - HC - Income TaxReopening of assessment - Held that:- Allegation levelled against the writ petitioner in the reasons for another assessment year is that they have allegedly taken service from non-existing service providers. In that process they have transferred their unaccounted money. More particulars are required. If at all there is a network through which the assessee is operating, the main circuits have to be identified. In those circumstances, the communications dated 7th March, 2014 being ‘P-8’ collectively, are set aside. The respondents are directed to issue fresh communications containing details to substantiate the allegations of the department by 27th February, 2015. If they are not issued, the Sections 147, 148 proceedings in respect of the above assessment years will automatically stand dropped. If the fresh reasons are supplied, the writ petitioner will have the right to reply to them within four weeks after communication of the reasons. In that event, the Sections 147, 148 proceedings in respect of the above assessment years will remain suspended till the reply is received and processed by the Income Tax department, by a decision. Affidavits were not invited. Hence, the allegations contained in the application are deemed not to be admitted.
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