https://www.taxtmi.com/caselaws?id=379028 Reassessment under s.147 was challenged on the ground that the AO failed to furnish recorded reasons within a reasonable time and, after objections were filed, did not dispose them by a speaking order before completing assessment under s.143(3) r/w s.147. The ITAT held that non-supply of reasons for an extended period and failure to pass a reasoned order on objections violated the mandatory procedure and caused prejudice by depriving the assessee of an effective opportunity to challenge the reopening before a higher forum. Consequently, the reassessment proceedings were quashed, and the appellate authority's finding upholding reopening was set aside. en-us Mon, 01 Apr 2019 00:00:00 +0530 Mon, 13 Apr 2026 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379028 Reassessment under s.147 was challenged on the ground that the AO failed to furnish recorded reasons within a reasonable time and, after objections were filed, did not dispose them by a speaking order before completing assessment under s.143(3) r/w s.147. The ITAT held that non-supply of reasons for an extended period and failure to pass a reasoned order on objections violated the mandatory procedure and caused prejudice by depriving the assessee of an effective opportunity to challenge the reopening before a higher forum. Consequently, the reassessment proceedings were quashed, and the appellate authority's finding upholding reopening was set aside. Case-Laws Income Tax Mon, 01 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379028