2007 (7) TMI 206

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....ection 148 of the Income-tax Act, 1961, as also the order dated November 29, 2006, rejecting their objections have preferred the present petition. In view of the order to be passed we need not go into the facts on all the issues involved. The notice was issued on March 10, 2006. Pursuant to the request by the petitioners the reasons to believe, were communicated. The reasons recorded, that conside....

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....nt. It is, therefore, the contention of the petitioner that once the Assessing Officer was of the view that the judgment of the Rajasthan High Court was not applicable and in view of that the objections filed ought to have been accepted. The same Assessing Officer, who at the relevant time had addressed a letter to the auditor to remove the audit objections on understanding of the judgment of t....