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2021 (4) TMI 650 - HC - Income TaxReopening of assessment u/s 147 - purchase of a landed property - Before the first respondent petitioner did not appear and as a result, the first respondent was constrained to dismiss the petitioner's appeal and confirm the assessment order passed by the original authority - HELD THAT:- The petitioner had produced the copy of the sale deed dated 07.03.2013 before this Court. It is seen therefrom that the petitioner had purchased the property on 07.03.2013 for a sum of ₹ 84,80,000/- . But then the impugned order proceeded on the premise that it is worth of ₹ 8,46,00,000/-. If only the petitioner had produced the materials before the authority concerned, he would not be finding himself in the present position. In any event in the interest of justice and to give one more opportunity to the petitioner and since the petitioner had placed prima facie material to show that the impugned order is incorrect, the order impugned in the writ petition is quashed. The writ petition is allowed. The matter is remitted to the file of the first respondent. The first respondent will grant one more hearing to the petitioner.
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