https://www.taxtmi.com/caselaws?id=430921 The court set aside the impugned order and notice under Sections 148A(b) and 148 of the Income Tax Act, 1961 due to errors in attributing transactions. The Assessing Officer acknowledged mistakes and issued a corrected notice under Section 148A(b), granting the assessee an opportunity to respond within four weeks. The court emphasized rectifying errors, ensuring proper attribution of transactions, and upholding principles of natural justice and fair assessment procedures. The writ petition was disposed of with directions to decide the matter afresh, leaving rights and contentions open for all parties. en-us Wed, 16 Nov 2022 00:00:00 +0530 Thu, 01 Dec 2022 07:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430921 The court set aside the impugned order and notice under Sections 148A(b) and 148 of the Income Tax Act, 1961 due to errors in attributing transactions. The Assessing Officer acknowledged mistakes and issued a corrected notice under Section 148A(b), granting the assessee an opportunity to respond within four weeks. The court emphasized rectifying errors, ensuring proper attribution of transactions, and upholding principles of natural justice and fair assessment procedures. The writ petition was disposed of with directions to decide the matter afresh, leaving rights and contentions open for all parties. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430921