https://www.taxtmi.com/caselaws?id=292391 The Appellate Tribunal ITAT Mumbai allowed the assessee's appeal, holding that the failure of the Assessing Officer to address objections raised against the reopening of assessment rendered the reassessment invalid. Citing legal precedents, including the Supreme Court decision in GKN Driveshafts case, the Tribunal emphasized the mandatory nature of considering objections before finalizing assessments. As a result, the Tribunal quashed the reassessment, ruling in favor of the assessee based on the jurisdictional issue. The Tribunal did not delve into the merits of the case, deeming it academic after setting aside the reassessment. en-us Tue, 28 Aug 2018 00:00:00 +0530 Mon, 21 Dec 2020 20:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292391 The Appellate Tribunal ITAT Mumbai allowed the assessee's appeal, holding that the failure of the Assessing Officer to address objections raised against the reopening of assessment rendered the reassessment invalid. Citing legal precedents, including the Supreme Court decision in GKN Driveshafts case, the Tribunal emphasized the mandatory nature of considering objections before finalizing assessments. As a result, the Tribunal quashed the reassessment, ruling in favor of the assessee based on the jurisdictional issue. The Tribunal did not delve into the merits of the case, deeming it academic after setting aside the reassessment. Case-Laws Income Tax Tue, 28 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292391