https://www.taxtmi.com/caselaws?id=388144 The tribunal set aside the reassessment order in a case where the Assessing Officer failed to furnish reasons for reopening the assessment to the assessee, as required by law. Relying on legal precedents, including a decision by the Supreme Court and the Bombay High Court, the tribunal held that the failure to provide reasons rendered the reassessment order invalid. This case underscores the importance of adhering to procedural requirements, such as providing reasons for reopening assessments, to ensure fairness and transparency in tax assessments. en-us Thu, 03 Oct 2019 00:00:00 +0530 Thu, 07 Nov 2019 23:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388144 The tribunal set aside the reassessment order in a case where the Assessing Officer failed to furnish reasons for reopening the assessment to the assessee, as required by law. Relying on legal precedents, including a decision by the Supreme Court and the Bombay High Court, the tribunal held that the failure to provide reasons rendered the reassessment order invalid. This case underscores the importance of adhering to procedural requirements, such as providing reasons for reopening assessments, to ensure fairness and transparency in tax assessments. Case-Laws Income Tax Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388144