2018 (8) TMI 1730

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....eturn of income on 30.12.2014, declaring a total income of Rs. 10,94,980/- and net agricultural income of Rs. 1,60,00,000/-. The respondent issued notice dated 08.06.2016 under Section 148 of the Act, proposing to reopen the assessment stating that there exists reasons to believe that income chargeable to tax for the year had escaped assessment. Another notice dated 07.06.2017, was issued to the petitioner to attend a personal hearing on 14.06.2017, in connection with the return of income submitted by the petitioner on 30.12.2014, for the assessment year 2013-14. By another notice, dated 07.06.2017, issued under Section 142(1) read with Section 129 of the Act, the respondent called for certain records relevant for the assessment year 2013-1....

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....sed to be accepted and on the same date i.e., 12.12.2017, the respondent issued show cause notice calling upon the petitioner to show cause as to why the assessment should not be completed under Section 144 on or before 18.12.2017. At that stage, the petitioner filed Writ Petition in W.P.No.33318 of 2017. The respondent completed the assessment under Section 144 read with Section 147 of the Act by order dated 19.12.2017. Therefore, the petitioner amended the prayer in the Writ Petition. Ultimately, the Writ Petition was disposed of by final order dated 27.02.2018, setting aside the order of assessment, dated 19.12.2017 and directing the respondent to furnish reasons for reopening of the assessment within a period of 15 days, pursuant to whi....

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....petitioner to show cause as to why the assessment should not be completed under Section 144 of the Act. During the pendency of the Writ Petition, the assessment was completed under Section 144 read with Section 147 of the Act vide order dated 19.12.2017. Consequently, the petitioner amended the prayer in the Writ Petition challenging the revised assessment. The Writ Petition was allowed with a direction to consider the request made by the petitioner for furnishing the reasons for reopening the assessment and on receipt of the reasons, the petitioner was directed to file objections and the respondent was directed to redo the assessment by following the mandate laid down in GKN Driveshafts India Ltd., vs. ITO, 203-259-ITR-19. In paragraph 7 o....