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2017 (3) TMI 148 - HC - Income TaxReopening the assessment - procedure prescribed by in the case of GKN Drive Shafts (India) Ltd. V. Income Tax Officer (2002 (11) TMI 7 - SUPREME Court) had not been followed - Held that:- In our view, the judgment of Supreme Court in the matter of GKN Drive Shafts (India) Ltd. V. Income Tax Officer, with regard to the obligation placed on the Revenue to dispose of the objections once they are filed before it by the Assessee, would be binding on the Revenue in so far the procedure prescribed therein for reopening an assessment is concerned, even though, there is no specific reference to the judgment of the Supreme Court rendered in the matter of GKN Drive Shafts (India) Ltd. V. Income Tax Officer. To our mind, the Revenue, would have no other option, but to follow the prescribed procedure.
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