https://www.taxtmi.com/caselaws?id=359416 The Tribunal allowed the appeal of the assessee, emphasizing the importance of complying with procedural requirements and principles of natural justice in reassessment proceedings under section 147/148 of the Income Tax Act. The Tribunal held that failure to furnish reasons for reopening the assessment to the assessee renders the reassessment order invalid, based on the precedent set by a Coordinate Bench. Consequently, the appeal was allowed on technical grounds, without delving into other merits raised by the appellant. en-us Thu, 26 Apr 2018 00:00:00 +0530 Mon, 30 Apr 2018 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359416 The Tribunal allowed the appeal of the assessee, emphasizing the importance of complying with procedural requirements and principles of natural justice in reassessment proceedings under section 147/148 of the Income Tax Act. The Tribunal held that failure to furnish reasons for reopening the assessment to the assessee renders the reassessment order invalid, based on the precedent set by a Coordinate Bench. Consequently, the appeal was allowed on technical grounds, without delving into other merits raised by the appellant. Case-Laws Income Tax Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359416