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The law declared by the Hon'ble Supreme Court is of binding character and is a source of law and to itself, which will bind all authorities. GKN Driveshafts (India) Ltd.,(supra), lays down a law and failure to comply would render the assessment order as without jurisdiction (Nand Kishore vs. State of Punjab reported in (1995) 6 SCC 614 and Nair Services Society vs. State of Kerala reported in (2007) 4 SCC 1).Thus, for the above reasons, the impugned proceedings are held to be unsustainable in law and accordingly, this writ petition is allowed, the impugned order is quashed. No costs. Consequently, the connected miscellaneous petition is closed.

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Section 147 & 148 of the Income Tax Act, 1961 — Reassessment — If the assessee files objections to issuance of notice for reopening the assessment, the AO is bound to dispose of the same by passing a speaking order which has not been done by the AO in the case of assessee on the other hand he has dealt with the assessee's objections and disposed of the same in the first few paragraphs of the Reassessment order. This manner of deciding the issue is wholly unsustainable in law — Jayanthi Natarajan vs. Assistant Commissioner of Income Tax [2018] 300 CTR (Madras) 225

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