https://www.taxtmi.com/caselaws?id=347627 The court set aside the Assessing Officer's order rejecting the petitioner's objections to the reopening of the assessment for AY 2010-11. The court found the AO's order lacked proper consideration of the objections, specifically regarding the nature of the transactions. The court held the order was flawed due to a lack of application of mind and directed the AO to reconsider the objections and issue a reasoned order. The AO was instructed to provide the petitioner with an opportunity to be heard and to pass a new order within six weeks, with communication to the petitioner within one week thereafter. en-us Tue, 29 Aug 2017 00:00:00 +0530 Thu, 07 Sep 2017 14:03:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347627 The court set aside the Assessing Officer's order rejecting the petitioner's objections to the reopening of the assessment for AY 2010-11. The court found the AO's order lacked proper consideration of the objections, specifically regarding the nature of the transactions. The court held the order was flawed due to a lack of application of mind and directed the AO to reconsider the objections and issue a reasoned order. The AO was instructed to provide the petitioner with an opportunity to be heard and to pass a new order within six weeks, with communication to the petitioner within one week thereafter. Case-Laws Income Tax Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347627