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2014 (4) TMI 898 - HC - Income TaxValidity of re-assessment u/s 147 /148 of the Act – ex-parte assessment order - Interim order for stay passed – Filing of return - Held that:- Without going in the question that whether the order has been received on 29.03.2006 or prior to the passing of the order, it has been decided that the petition is to be disposed of asking the assessee to file the return in compliance of the notice u/s 148 of the Act for the A.Y. 1998-99 – The assessing authority may provide the copy of the reasons recorded and it will be open to the petitioner to challenge the initiation of the proceedings and to participate in the proceedings. In case, if the petitioner files any objection on the initiation of the proceedings, the assessing authority may decide the objection before proceeding with the case. - ex-parte order set aside and the matter is remitted back to the AA – Decided in favour of Assessee.
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