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2018 (3) TMI 673 - HC - Income TaxReopening of assessment - reasons recorded in support of the impugned notice relied upon information which the Assessing Officer had claimed to have received from some source (without declaring the source) or giving relevant portion of information received - Held that:- Without examining the other contention raised on behalf of the Petitioner, in the present facts, it would be in the interest of justice that the impugned order dated 20.11.2017 disposing of the objections is set aside and the Petitioner is given an opportunity to file his objections afresh in the context of the material now available (relied upon by the Revenue). As the Petitioner, states that they would file their fresh objections within two weeks from today. The Assessing Officer would pass fresh order after considering the fresh objections filed by the Petitioner, within a period of four weeks after filing of the objections. Thereafter the Assessing Officer will not act upon the impugned notice for a period of four weeks of communication of the order on objections, if it is adverse to the Petitioner.
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