2018 (11) TMI 1183

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.... for the petitioner and Sri Gaurav Mahajan, learned counsel appearing for the respondents. The petitioner has preferred this writ petition against the show cause notice dated 16.3.2018 issued under Section 147 of the Income Tax Act, 1961 for the purposes of reassessment for the assessment year 2014-15. The petitioner has been supplied with the 'reasons to believe' on which satisfaction h....

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....C) it has been held that once notice of reassessment is given, the assessee has a right to demand 'reasons to believe' and on supply of the reasons he may prefer objections and in case objections are so filed, the assessing officer is obliged to decide the same by a speaking order. In view of the above, since the objections of the petitioner have not been considered and decided we deem it....