https://www.taxtmi.com/caselaws?id=372692 The Tribunal held that the reassessment proceedings under Section 147 read with Section 143(3) of the Income Tax Act, 1961 were invalid due to the non-communication of reasons recorded for reopening the assessment. The Tribunal emphasized the necessity of communicating reasons to the assessee, citing violations of natural justice principles. Consequently, the Commissioner of Income Tax (Appeals) orders were set aside, and the reassessment orders were quashed. The importance of adhering to legal requirements and principles of natural justice in reassessment proceedings was underscored, emphasizing transparency and fairness in the process. en-us Fri, 21 Dec 2018 00:00:00 +0530 Thu, 27 Dec 2018 16:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372692 The Tribunal held that the reassessment proceedings under Section 147 read with Section 143(3) of the Income Tax Act, 1961 were invalid due to the non-communication of reasons recorded for reopening the assessment. The Tribunal emphasized the necessity of communicating reasons to the assessee, citing violations of natural justice principles. Consequently, the Commissioner of Income Tax (Appeals) orders were set aside, and the reassessment orders were quashed. The importance of adhering to legal requirements and principles of natural justice in reassessment proceedings was underscored, emphasizing transparency and fairness in the process. Case-Laws Income Tax Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372692