For v. Income Tax Officer & Ors., (2003) 1 Scc 72._
High Court
11 Feb 2014 In favour of: Unclear
Forum / Bench
High Court · cisnc
Parties
For v. Income Tax Officer & Ors., (2003) 1 Scc 72._
Date of order
11 Feb 2014
Assessment year(s)
—
Outcome
Other
The order — as passed by the High Court
Case summary
In For v. Income Tax Officer & Ors., (2003) 1 Scc 72._, the High Court (2014) decided the matter.
Decision: Accordingly, we direct opp. party no.2 to communicate the reasons for the re-assessment, to the petitioner, before proceeding further.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Present : Ms J. Sahoo, Advocate for the petitioner.
Mr M.S. Raman, Advocate for opp. parties.
02. 11.02.2014
This petition seeks quashing of notice re-assessment dated 26.10.2012 (Annexure-1) and direction to opp. party no.2 to communicate the reasons for re-assessment and grant copies of papers, if any, which may have been relied upon.
for
We have heard learned counsel for the parties. It is well settled that re-assessment can be initiated only after formation of an opinion and reasons of such opinion are to be furnished, when sought by the assessee, as held by the Apex Court in GKN Driveshafts (India) Ltd. v. Income Tax Officer & Ors., (2003) 1 SCC 72.
Accordingly, we direct opp. party no.2 to communicate the reasons for the re-assessment, to the petitioner, before proceeding further. The petition is disposed of.
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A.K.Goel, C.J.
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Dr. A.K. Rath, J.
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