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2004 (8) TMI 97 - HC - Wealth-taxReassessment notice under section 17 of the Wealth-tax Act, 1957 – Procedure - impugned order came to be made without first disposing of the preliminary objections raised by the petitioner by passing a speaking order - After a notice for reassessment has been issued, an assessee is required to file the return and seek reasons for issuance of such notice. The Assessing Officer is then bound to supply the reasons within a reasonable time. On receipt of reasons, the assessee is entitled to file preliminary objections to issuance of notice and the Assessing Officer is under a mandate to dispose of such preliminary objections by passing a speaking order, before proceeding with the assessment
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