Revenue authorities ordered fresh assessment after earlier order set aside due to lack of fair hearing.

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....The Income Tax Appellate Tribunal set aside the assessment order for the assessee and restored the matter to the Assessing Officer for a de novo assessment after providing the assessee with a due opportunity of hearing. This decision aligns with the Tribunal's earlier ruling in the case of the co-owner, Dhirendra Nath Das, for the same assessment year. However, the Tribunal upheld the penalty imposed u/s 271(1)(b) for non-compliance with the notice issued u/s 142(1), considering the assessee's awareness of their responsibility as an employee of Indian Oil Corporation and the lack of a plausible explanation for non-compliance.....