2004 (3) TMI 33

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..... petitioner to the notice for reassessment and pass a speaking order. Until such speaking order is passed, obviously the Assessing Officer cannot undertake reassessment. Hence, it is only after the Assessing Officer passes a speaking order deciding the petitioner's preliminary objections against the notice for reassessment that any cause of action would arise for the petitioner. - SPECIAL CIVIL AP .....

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..... ted stage. The petitioner-company has already filed a return in response to the notice under section 17 of the Wealth-tax Act and by submissions dated February 19, 2004, the petitioner has lodged its objections to the notice for reassessment after having received the aforesaid reasons as contained in the communication dated January 28, 2004. It is, however, not necessary to go into the merits of .....

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..... Act as well. The petitioner-company had already filed its return in response to the impugned notice and requested for furnishing reasons, which request has been acceded to only very recently and the petitioner has thereafter submitted its objections on February 19, 2004. The Assessing Officer is, therefore, now required to dispose of the objections by passing a speaking order as per the aforesaid .....

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