9911796707
TMI Blog2019 (8) TMI 995X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 of the Constitution of India challenges the order dated 31st October, 2018 passed by the respondent no.1 - the Assistant Commissioner of Income Tax under Section 147 of the Income Tax Act, 1961 (the Act). By the impugned order, the Assessing Officer - respondent no.1 has dropped the assessment proceedings initiated under Section 147 of the Act. 2. It is the grievance of the petitionmer that onc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessment under Section 147 of the Act is for the benefit of the Revenue. 4. However, Mr. Agarwal, learned Counsel appearing in support of the petition invites our attention to the decision of Allahabad High Court in the case of Commissioner of Income Tax Vs. Vali Brothers, (2005) 149 Taxmann 233 (All.) where a different view is taken in a Reference from the Tribunal. In the above case, the Court ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... did not hold that it is required of the Assessing Officer to complete reassessment proceedings initiated by him under Section 147/148 of the Act in the absence of any objection by the assessee. 6. However, in any case, as it is an admitted position that issue stands concluded by the decision of this Court in the case of K. Sudhakar S. Shanbhag (supra) in favour of the Revenue, we are not inclined ..... X X X X Extracts X X X X X X X X Extracts X X X X
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