2002 (5) TMI 10

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..... any objections are submitted, thereafter it is the duty of the Assessing Officer to decide the same. Since in the present matter the above procedure has not been followed by the Assessing Officer, the respondents are now directed to supply reasons for issuing notice under section 148 to the petitioner within 30 days from the date of receipt of certified copy of this order - - - - - Dated:- 26-5- .....

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..... ourt in the case of GKN Driveshafts (India) Ltd. v. 1TO [2003] 259 ITR 19, has observed that where a notice under section 148 of the Income-tax Act is issued, the proper course of action for the notice is to file the return and, if he so desires, to seek reasons for issuing the notices. The Assessing Officer is bound to furnish reasons within a reasonable time. On receipt of reasons, the notice is .....

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..... e petitioner shall be at liberty to submit his objections before the Assessing Officer and the Assessing Officer, after hearing the petitioner, may decide the objections in accordance with law and proceed further in the matter. The petitioner shall also be at liberty to seek further remedy before the appropriate forum, if still aggrieved, in accordance with law. The writ petition stands disposed .....

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