https://www.taxtmi.com/caselaws?id=21532 The court held that the reopening of the assessment under section 147 was invalid as the Income-tax Officer failed to record reasons as required by section 148(2). The court emphasized the mandatory nature of recording reasons and cited relevant precedents. Consequently, the court found the assessment proceedings lacked jurisdiction due to non-compliance with this requirement, ruling in favor of the assessee against the Revenue. en-us Sat, 26 Sep 1992 00:00:00 +0530 Wed, 25 Nov 2009 12:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21532 The court held that the reopening of the assessment under section 147 was invalid as the Income-tax Officer failed to record reasons as required by section 148(2). The court emphasized the mandatory nature of recording reasons and cited relevant precedents. Consequently, the court found the assessment proceedings lacked jurisdiction due to non-compliance with this requirement, ruling in favor of the assessee against the Revenue. Case-Laws Income Tax Sat, 26 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21532