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2022 (10) TMI 1057 - HC - Income TaxReopening of assessment u/s 147 - order passed under Section 148A(d) - minimum time of seven days has to be granted to the assessee to file its reply to the said show cause notice - HELD THAT:- As decided in Shri Sai Co-Operative Thrift and Credit Society Ltd [2022 (5) TMI 1435 - DELHI HIGH COURT] wherein it has been held that under Section 148A(b) of the Act, a minimum time of seven days has to be granted to the assessee to file its reply to the said show cause notice. Respondent-revenue, accepts notice. He states that the respondent-revenue has no objection, if the present matter is remanded back to the Assessing Officer for a fresh decision in accordance with law. Consequently, the impugned order passed under Section 148A(d) for the assessment year 2018-19 is set aside and the Assessing Officer is directed to pass a fresh reasoned order within eight weeks in accordance with law after considering the reply of the petitioner, which is directed to be re-filed within a week.
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