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TMI Blog2024 (10) TMI 1095X X X X Extracts X X X X X X X X Extracts X X X X ..... t Nayak, Mr. Jitender Singh, Mr. Parul Kanwar and Mr. Rajiv Kumar, Advocates For the Respondents Through: Mr. Puneet Rai, Senior Standing Counsel with Mr. Ashvini Kumar, Mr. Rishabh Nangia, Standing Counsels and Mr. Nikhil Jain, Advocate VIBHU BAKHRU, J. (ORAL) 1. The petitioner has filed the present petition, inter alia, praying as under: "(1) Issue a writ of CERTIORARI or any other appropri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er the Act), and the initiation of re-assessment proceedings for the assessment year (hereafter AY) 2018-19 pursuant to the notice dated 31.08.2024 issued under Section 148 of the Act. 3. The petitioner's challenge principally rests on two grounds. First, that the impugned order has been passed without considering the reply furnished by the petitioner; and second, that the assessing officer (here ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... information available with the AO, the petitioner had the transactions of Rs. 1,55,29,650/- from the entities which included M/s Riddhi Siddhi Polymers in the supply chain. The second information was regarding the Tax Deducted at Source (hereafter TDS) by various entities on the income which was chargeable in respect of the interest other than the interest on securities. The deduction of TDS sugg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cates that the AO did not apply his mind to the reply furnished by the petitioner. 9. In view of the above, the impugned order is set aside and the matter is remanded to the AO for considering the petitioner's reply afresh and to pass a reasoned order within a period of four weeks from date, after making necessary inquiries, in accordance with law. 10. In so far as the petitioner's challenge to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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