TMI Blog2016 (4) TMI 313X X X X Extracts X X X X X X X X Extracts X X X X ..... 8) in which the details of interest received from various persons and the interest income disclosed in the tax return for the assessment year 2008-09 have been mentioned It has also been stated that there is no suppression as alleged in the notice and in this connection the assessee placed the Income Tax return and the disclosure made therein in Schedule TDS-2. Therefore, the Assessing Officer cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shna Dev Vyas, S. D. Singh For the Respondent : C. S. C., It, S. Chopra ORDER This writ petition has been filed claiming the following reliefs: (i) Issue a writ, order or direction in the nature of Certiorari and quash the reassessment proceedings initiated against the petitioner for A Y 2008-09 vide reassessment notice dated 18.3.13 (Annexure-2) issued by the Income Tax Officer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n which the details of interest income received during the relevant assessment year 2008-09 were specifically mentioned. Learned counsel for the department submits that the objection of the assessee was considered and thereafter the order was passed by the Assessing Officer and, therefore, the assessee should participate in the reassessment proceedings. We have carefully considered the submi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. Hon'ble Supreme Court in the case of GKN Driveshafts (India) Ltd. v. Income Tax Officer and Others reported in 2003 (259)ITR 19 SC considered the duty of the assessing authority to decide the objection and held as under:- We see no justifiable reason to interfere with the order under challenge. However, we clarify that when a notice under Section 148 of the Income Tax Act is issued, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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