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2022 (12) TMI 38 - HC - Income TaxReopening of assessment - notice issued u/s 148A(b) - Mistake in notice issued - HELD THAT:- AO is personally present in Court today. He admits that the impugned order passed under Section 148A(d) of the Act is riddled with mistakes. He further admits that in the notice issued u/s 148A(b) details of the transactions allegedly carried out by the petitioner were not correct. He states that the transactions were clarified by the ITO (Inv), Unit-7, Delhi in its e-mail dated 14th July, 2022, which he had incorporated in the order passed under Section 148A(d) of the Act. The impugned order passed u/s 148A(d) and the impugned notice issued under Section 148 of the Act are set aside and the AO is directed to issue an amended notice under Section 148A(b) of the Act along with the incriminating material in its possession to the assessee within two weeks. The assessee is given liberty to file a reply to the amended notice within four weeks. AO is, thereafter, directed to decide the matter afresh within a further period of four weeks in accordance with law.
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