Allowing the petition the Court held that the Assessing Officer had violated the mandatory condition of section\u00a0148A(c)\u00a0by not considering the reply of the assessee before passing the order under section\u00a0148A(d). Even if the reassessment was being done for verification in accordance with Explanation 1 to section\u00a0148\u00a0the Assessing Officer should have conducted an enquiry with respect to the information on a particular transaction in accordance with section\u00a0148A(a). The Assessing Officer ought to have scrutinised the contentions and submissions of the assessee before passing an order dated April 5, 2022 under section\u00a0148A(d). The acknowledgment of the reply dated April 4, 2022 received by the assessee from the e-filing portal of the Department showed that the assessee had filed a reply. Since the order under section\u00a0148A(d)\u00a0had been passed on April 5, 2022, i. e., after receipt of the assessee\u2019s detailed reply dated April 4, 2022 the Assessing Officer should have considered the reply since it was available on record. The order passed under section\u00a0148A(d)\u00a0and the notice issued under section\u00a0148\u00a0were quashed and set aside. The matter was remanded back to the Assessing Officer to pass a reasoned order in accordance with law after considering the reply filed by the assessee. Matter remanded.<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Conducting an enquiry is mandatory-Failure to consider reply to show cause notice-Order and subsequent notice was quashed-Matter remanded. [S. 147, 148, 148A(b), 148A(c),148A(d), Art.226] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-31011","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-84b","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=31011"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31011\/revisions"}],"predecessor-version":[{"id":32216,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31011\/revisions\/32216"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}