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2023 (6) TMI 672 - DELHI HIGH COURTReopening of assessment u/s 147 - Assessee has taken the stand that he did not enter into any transaction with Dayanand Singh, as alleged and if it is taken out of the equation, the alleged escaped income would be below Rs. 50 lakhs. HELD THAT:- Unfortunately for the petitioner/assessee, this stand was not taken in time. The writ petition is disposed of, with a direction that before the Assessing Officer proceeds to pass an assessment order, he would verify the assertion made by the petitioner/assessee which is recorded in the reply, and in this context, also accord personal hearing to the petitioner/assessee and/or his authorised representative.
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