TMI Blog2021 (8) TMI 1319X X X X Extracts X X X X X X X X Extracts X X X X ..... same, the petitioner has filed its written objection to the initiation of the re-assessment proceeding, vide objection dated 28.06.2021 filed on 29.06.2021 before the respondent no.1. Thus, the reassessment proceedings are stated to be pending. Undisputedly, in view of the decision of the Supreme Court [ 2002 (11) TMI 7 - SUPREME COURT] as regularly followed by this Court by way of procedural principle, the Court does not directly entertain the challenge to re-assessment proceeding before disposal of the objection filed by the assessee to the initiation of such re-assessment proceeding. Thus the principle enunciated by the decision of Supreme Court in the case of GKN Driveshafts (India) Ltd. [ 2002 (11) TMI 7 - SUPREME COURT] has been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice came to be issued by respondent no.1, Assessing Officer, Income Tax, Special Range, Kanpur. In response to that notice, petitioner filed return through e-mode on 26.05.2021. Subsequently, on its further request, the petitioner was supplied the reasons to believe , to initiate the re-assessment proceedings by email communication dated 09.06.2021, along with the approval order issued by the Principal Commissioner, under section 151 of Income Tax Act, 1961 (hereinafter referred to as 'the Act'). In response to the same, the petitioner has filed its written objection to the initiation of the re-assessment proceeding, vide objection dated 28.06.2021 filed on 29.06.2021 before the respondent no.1. Thus, the reassessment proceeding ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the date fixed, the objections may be decided either upon physical hearing or through virtual proceedings, through online mode. The petitioner would be given adequate opportunity of hearing to press his objection and submit its response to queries that may arise. (iv) Upon such proceeding being complied on the date fixed, a reasoned order may be passed by the authority that has heard the objections and the same may be communicated to the petitioner within two weeks therefrom. In case the objections are rejected, the re-assessment proceedings may be fixed on any date two weeks after the date of communication of the order dealing with the objections filed by the petitioner. Needles to add that we have not examined the merit of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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