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2021 (7) TMI 333 - HC - Income TaxReopening of assessment u/s 147 - whether the authority competent has reason to belief for reopening of Assessment in respect of the income chargeable to Tax as escaped assessment? - HELD THAT:- In the present case, the petitioner made an attempt to adjudicate the issues on facts by holding that mere purchase of property is not a ground to invoke u/s 147 - Beyond the facts, the transactions made, the sources on hand and other details are to be scrutinized by the AO for the purpose of forming an opinion. Admittedly the petitioner has not filed Returns of income for the Assessment Year 2011-2012. Assessment or Re-Assessment is to be made with reference to the reasons furnished. This being the factum established, the petitioner has to proceed with the process by producing all the documents and evidences to defend their case. This Court that pursuing of the interim order, the Assessment Officer was permitted to complete the adjudication and pass a final order of Assessment. Thus, the respondent is permitted to communicate the Assessment Order, if any already passed to the Writ Petitioner, enabling the petitioner to redress her grievances by preferring an appeal under the provisions of the Income Tax Act, if advised.
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