https://www.taxtmi.com/caselaws?id=283123 The ITAT upheld its decision to quash the assessment orders due to non-communication of reasons for reopening the assessment under section 147 of the Income Tax Act. The ITAT emphasized the duty of the Assessing Officer to communicate reasons upon request by the assessee, citing established legal principles and precedents, including the decision in GKN Drive Shafts (India) Ltd. vs. ITO. The revenue's appeal and request for recall of the order were dismissed, with the ITAT maintaining that review is not permissible once a conscious decision is made considering relevant judicial precedents. en-us Fri, 07 Dec 2018 00:00:00 +0530 Sun, 08 Sep 2019 06:34:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283123 The ITAT upheld its decision to quash the assessment orders due to non-communication of reasons for reopening the assessment under section 147 of the Income Tax Act. The ITAT emphasized the duty of the Assessing Officer to communicate reasons upon request by the assessee, citing established legal principles and precedents, including the decision in GKN Drive Shafts (India) Ltd. vs. ITO. The revenue's appeal and request for recall of the order were dismissed, with the ITAT maintaining that review is not permissible once a conscious decision is made considering relevant judicial precedents. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283123