Reassessment under Income-tax Act remanded for fresh consideration after additional material in affidavits and a personal hearing.

In proceedings arising under Section 148 of the Income-tax Act, the Bombay HC found that additional material placed in the affidavits warranted reconsideration rather than immediate adjudication on merits. The impugned order was quashed and the matter remanded to the Jurisdictional Assessment Officer for de novo consideration, with liberty to the assessee to file additional reply or objections. The officer was directed to consider those objections after granting a personal hearing and to pass a reasoned order. The document records the court's procedural direction for fresh determination on the basis of the expanded record.

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Issues: Whether the order challenged in the writ petition, arising from proceedings under Section 148 of the Income-tax Act, 1961, should be quashed and the matter remanded for fresh consideration in view of additional material placed in the affidavits.

Analysis: The petition was heard along with further information made available in the affidavit-in-reply and additional affidavit-in-reply. In view of that additional material and the explanation furnished, the Court declined to go into the merits at that stage and instead directed that the matter be reconsidered by the Jurisdictional Assessment Officer. The petitioner was granted liberty to file an additional reply or objections, and the officer was directed to decide the objections by a reasoned order after granting a personal hearing.

Conclusion: The impugned order was quashed and set aside, and the matter was remanded to the Jurisdictional Assessment Officer for de novo consideration.

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