https://www.taxtmi.com/caselaws?id=412838 The court disposed of a writ petition challenging a notice issued under Section 148 of the Income-tax Act, 1961 for the assessment year 2015-2016. The petitioner requested reasons for the reopening based on the GKN Driveshafts principle. The respondent provided reasons, and the Assessee raised objections. The court emphasized the need for the Assessing Officer to address objections before proceeding with the assessment. The court directed the Assessing Officer to pass a speaking order within a fortnight. The petition was disposed of with parties' rights preserved, and related petitions were also disposed of without costs, ensuring procedural compliance in assessment reopening cases. en-us Mon, 06 Sep 2021 00:00:00 +0530 Tue, 28 Sep 2021 06:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412838 The court disposed of a writ petition challenging a notice issued under Section 148 of the Income-tax Act, 1961 for the assessment year 2015-2016. The petitioner requested reasons for the reopening based on the GKN Driveshafts principle. The respondent provided reasons, and the Assessee raised objections. The court emphasized the need for the Assessing Officer to address objections before proceeding with the assessment. The court directed the Assessing Officer to pass a speaking order within a fortnight. The petition was disposed of with parties' rights preserved, and related petitions were also disposed of without costs, ensuring procedural compliance in assessment reopening cases. Case-Laws Income Tax Mon, 06 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412838