https://www.taxtmi.com/caselaws?id=392653 The High Court considered a writ petition challenging a notice under Section 148 of the Income Tax Act, 1961, emphasizing the procedure for reassessment following the GKN Driveshafts case. The Court directed the assessing officer to provide reasons within a reasonable time, allowing the noticee to file objections to the assumption of jurisdiction. The assessing officer was instructed to dispose of objections before proceeding with assessment for the relevant years. The petitioner was granted the opportunity to file objections, and the respondent was directed to pass a re-assessment order after hearing the petitioner, leading to the disposal of the writ petition without costs. en-us Mon, 03 Feb 2020 00:00:00 +0530 Tue, 25 Feb 2020 06:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392653 The High Court considered a writ petition challenging a notice under Section 148 of the Income Tax Act, 1961, emphasizing the procedure for reassessment following the GKN Driveshafts case. The Court directed the assessing officer to provide reasons within a reasonable time, allowing the noticee to file objections to the assumption of jurisdiction. The assessing officer was instructed to dispose of objections before proceeding with assessment for the relevant years. The petitioner was granted the opportunity to file objections, and the respondent was directed to pass a re-assessment order after hearing the petitioner, leading to the disposal of the writ petition without costs. Case-Laws Income Tax Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392653