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2010 (9) TMI 184 - HC - Income TaxReassessment - Partnership firm - deriving income from trading in oil and lubricants - Assessment was completed under Section 143(3) of the Act - and after some further proceedings, reassessment proceedings were initiated by giving the impugned notice - Held that: - procedure laid down in the judgment of the Hon'ble Supreme Court in GKN Driveshafts (India) Ltd. v. ITO & others [2003] 259 ITR 19, before proceeding with the reassessment, decision on objections has to be taken - Without expressing any opinion on merits, direct respondent to take a decision on the objections of the petitioner - The petition is disposed of
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