Deputy Commissioner Of Income Tax, Circle-2 & Ors v. Dr. D.y. Chandrachud, J

JPP IN THE HIGH COURT OF JUDICATURE AT BOMBAYAPPELLATE SICE CIVIL JURISDICTION WRIT PETITION NO. 11057 OF 2011 Sound Casting Pvt. Ltd. ... Petitioner. V/s. Deputy Commissioner of Income Tax, Circle-2 & Ors. ... Respondents. Mr. K. Gopal i/b. Mr. Jitendra Singh for the Petitioner.Mr. Vimal Gupta for the Respondents. P.C. :- CORAM : DR. D.Y. CHANDRACHUD & A.A. SAYED, JJ. 23 DECEMBER 2011. In response to a notice issued to the Petitioner under Section 148 of the Income Tax Act, 1981, on 9 March 2011 and the reasons disclosed under a letter dated 7 December 2011, the Petitioner submitted objections for reopening of the assessment on 12 December 2011. In terms of the decision of the Supreme Court in GKN Driveshafts (India) Ltd. vs. Income Tax Officer[1], we direct the Assessing Officer to dispose of the objections by a reasoned order within a period of four weeks from today. Until then, no steps shall be taken in pursuance of the notice dated 7 March 2011 and in the event that an adverse order is passed, for a further period of four weeks thereafter. The Petition is accordingly disposed of. (Dr. D.Y. Chandrachud, J.) (A.A. Sayed, J.)