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2022 (10) TMI 241 - HC - Income TaxReopening of assessment u/s 147 - Necessity to consider the Petitioner's objections and pass a speaking order - HELD THAT:- In terms of GKN Driveshafts (India) Ltd. [2002 (11) TMI 7 - SUPREME COURT ] the Respondents are required to dispose of the objections which an assessee may file to the reopening of the assessment, by passing a speaking order. Now that the Respondents are ready to consider the Petitioner's objections and pass a speaking order, there is no necessity to entertain this petition. This is more so because until such speaking order is made, there is no question of the Respondents proceeding with the proposed reassessment for the Assessment Year 2015-16. Accordingly, the Respondents are at liberty to consider the objections raised by the Petitioner and dispose of the same in accord with law and on their own merits by passing a speaking order. This speaking order will have to be communicated to the assessee. If the Petitioner's objections are to be overruled or rejected, then, the Respondents will refrain from proceeding with the reassessment for a period of four weeks from the date of communication of the speaking order.
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