Reassessment notice reasons must be furnished before objections are decided and further action is taken.

Reasons recorded for issuing a reassessment notice under section 148 of the Income-tax Act were to be supplied to the assessee within a reasonable time, here directed within 30 days. After receiving those reasons, the assessee was entitled to file objections, and the Assessing Officer was required to consider and decide them after giving an opportunity of hearing before taking further action in the escaped assessment proceedings under sections 147 and 148.

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Issues: Whether reasons for issuing notice for reassessment under section 148 of the Income-tax Act, 1961 were required to be supplied to the assessee, and whether the assessee was entitled to file objections before further action was taken.

Analysis: The writ petition concerned an escaped assessment proceeding under section 147 and a notice under section 148. The order recorded that the assessee had sought reasons for the notice, and that the Assessing Officer was expected to furnish those reasons within a reasonable time. It further recorded that, after receipt of reasons, the assessee could file objections and the Assessing Officer was required to decide them after hearing the assessee.

Outcome: The respondents were directed to supply the reasons for issuing the notice under section 148 within 30 days, and the assessee was permitted to file objections and pursue further remedy in accordance with law. The writ petition was disposed of accordingly.

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