https://www.taxtmi.com/caselaws?id=374307 The High Court upheld the Tribunal's decision, emphasizing the necessity of providing reasons for reopening assessments. The Court dismissed the Income Tax Appeal, affirming the invalidity of the assessment due to the failure to provide reasons for reopening. The judgment highlighted the importance of procedural regularity and the requirement for the assessing authority to supply reasons to the assessee before completing the assessment process. The failure to provide reasons in a timely manner casts doubt on the jurisdiction of the assessing authority to initiate reassessment proceedings, leading to the quashing of the reassessment order. en-us Wed, 09 Jan 2019 00:00:00 +0530 Wed, 30 Jan 2019 08:20:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374307 The High Court upheld the Tribunal's decision, emphasizing the necessity of providing reasons for reopening assessments. The Court dismissed the Income Tax Appeal, affirming the invalidity of the assessment due to the failure to provide reasons for reopening. The judgment highlighted the importance of procedural regularity and the requirement for the assessing authority to supply reasons to the assessee before completing the assessment process. The failure to provide reasons in a timely manner casts doubt on the jurisdiction of the assessing authority to initiate reassessment proceedings, leading to the quashing of the reassessment order. Case-Laws Income Tax Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374307