On appeal against the single Judge order the Court held that the Assessing Officer has considered the replies uploaded by the assessee. Accordingly the order passed and notice issued is set aside. Directed the Assessing Officer to pass a reasoned order on merits and in accordance with law. (AY. 2015-16)
Accord Capital Markets (P) Ltd v.ITO ( 2023) 333 CTR 549 ( Cal)( HC) Editorial : Order of single judge is set aside, Accord Capital Markets (P) Ltd v.ITO ( 2023) 333 CTR 550 ( Cal)( HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Replies uploaded was not considered-Order passed and notice issued is set aside-Directed the Assessing Officer to pass a reasoned order on merits and in accordance with law. [S. 148A(b), 148A(d), Art. 226]