https://www.taxtmi.com/caselaws?id=254040 The tribunal upheld the Assessing Officer's decision to reopen the assessment under Section 147 read with Section 144, reversing the CIT(A)'s findings regarding the legality of notice issuance under Section 148 and adequacy of opportunity provided to the assessee. However, the tribunal remanded the issue of deduction of Rs. 28 lakhs paid to tenants back to the CIT(A) for a fresh decision, emphasizing the requirement for a speaking order in quasi-judicial proceedings. The importance of adhering to principles of natural justice and issuing reasoned orders was highlighted. en-us Fri, 28 Nov 2014 00:00:00 +0530 Thu, 11 Dec 2014 06:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254040 The tribunal upheld the Assessing Officer's decision to reopen the assessment under Section 147 read with Section 144, reversing the CIT(A)'s findings regarding the legality of notice issuance under Section 148 and adequacy of opportunity provided to the assessee. However, the tribunal remanded the issue of deduction of Rs. 28 lakhs paid to tenants back to the CIT(A) for a fresh decision, emphasizing the requirement for a speaking order in quasi-judicial proceedings. The importance of adhering to principles of natural justice and issuing reasoned orders was highlighted. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254040