Kirloskar Ferrous Industries Limited v. Deputy Commissioner Of Income Tax, Circle-9,Pune And Another

1 of 2 WP.1721.2014 IN THE HIGH COURT OF JUDICATURE AT BOMBAYCIVIL APPELLATE JURISDICTION WRIT PETITION NO.1721 OF 2014 Kirloskar Ferrous Industries Limited versus Deputy Commissioner of Income Tax, Circle-9,Pune and another Petitioner Respondents Mr.Mihir C. Naniwadekar for Petitioner.Mr.Tejweer Singh for Respondents. CORAM : MOHIT S. SHAH, C.J. AND M.S.SANKLECHA, J. PC : DATE : 20 February 2014 1.In response to a notice issued to the Petitioner under Section 148 o the Income Tax Act, 1961 on 28 March 2013 and the reasons disclosed under a letter dated 21 October 2013, the Petitioner submitted objections for reopening of the assessment on 23 November 2013. In terms of the decision of the Supreme Court in GKN Driveshafts (India) Ltd. Vs. Income Tax Officer {2003(259)-ITR-9}, 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 28 March 2013 and in the event that an adverse order is passed, for a further period of four weeks thereafter. The petition is accordingly disposed of. 2 of 2 WP.1721.2014 2.Liberty to challenge the notice dated 28 March 2013 in future, in case it becomes necessary for the Petitioner to do so. (CHIEF JUSTICE) MST (M.S.SANKLECHA, J.)