Corporate insolvency resolution process amended with expanded disclosure, guarantor asset transfer rules, and new dissolution and restoration procedur...
Communication of recorded reasons is a jurisdictional requirement for reassessment where the assessee requests those reasons. Non-supply prevents the assessee from challenging the reopening and obtaining a speaking decision on objections, thereby breaching principles of natural justice. Reassessment jurisdiction is invalidly assumed when recorded reasons are withheld despite repeated requests, and the reassessment notice and resulting order are liable to be quashed as void.
Communication of recorded reasons is a jurisdictional requirement for reassessment where the assessee requests those reasons. Non-supply prevents the assessee from challenging the reopening and obtaining a speaking decision on objections, thereby breaching principles of natural justice. Reassessment jurisdiction is invalidly assumed when recorded reasons are withheld despite repeated requests, and the reassessment notice and resulting order are liable to be quashed as void.
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