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    <description>The assessment orders were set aside because a material issue affecting the assessment had not been specifically examined, including whether the assessee&#039;s method of accounting was bona fide. The Court required the assessment to be reopened and decided afresh in light of its earlier directions, the statement recorded on 17.07.2009, and the assessee&#039;s explanation and supporting materials. As the assessee had been given an opportunity to object and a final notice had already been issued, the matter was remanded to the Assessing Authority for fresh adjudication on all issues after affording an effective hearing.</description>
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