2021 (3) TMI 329

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..... Respondent: Mrs.Hema Muralikrishnan Senior Standing Counsel ORDER The challenge is to an order of re-assessment dated 31.12.2019 passed in terms of Section 143(3) read with Section 147 of the Income Tax Act, 1961 (in short 'Act'). 2. Heard Mr.Asokapathy, learned counsel for the petitioner and Mrs.Hema Muralikrishnan, learned Senior Standing Counsel for the respondents. 3. At first blu .....

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..... suance of notice and the assessing officer is bound to dispose of the same by passing a speaking order. In the instant case, as the reasons have been disclosed in these proceedings, the assessing officer has to dispose of the objections, if filed, by passing a speaking Order before proceeding with the assessment in respect of the abovesaid five assessment years.' 4.Upon receipt of a notice un .....

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..... ng for various particulars on merits. It is relevant to note that the reasons as sought for have not been furnished at that juncture and this is in contravention of the procedure set out. Notwithstanding the same, the petitioner responds under cover of email dated 16.08.2019 to which letter, there is silence till 29.12.2019 when, under cover of email of even date, the reasons are supplied. On 30th .....

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