https://www.taxtmi.com/caselaws?id=409331 The Court quashed the notice issued under Section 143(2) of the Income Tax Act due to lack of meaningful consideration of objections and reasons for re-opening, directing the respondent to follow proper procedures as per the Supreme Court's guidelines in GKN Driveshafts case. The matter was remanded for fresh consideration, emphasizing the importance of providing reasons for decisions in re-opening proceedings under Section 147 and ensuring a fair reassessment process for the petitioner. The reassessment was ordered to be conducted promptly, with the writ petition allowed and the connected miscellaneous petition closed without costs. en-us Fri, 25 Jun 2021 00:00:00 +0530 Mon, 05 Jul 2021 08:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409331 The Court quashed the notice issued under Section 143(2) of the Income Tax Act due to lack of meaningful consideration of objections and reasons for re-opening, directing the respondent to follow proper procedures as per the Supreme Court's guidelines in GKN Driveshafts case. The matter was remanded for fresh consideration, emphasizing the importance of providing reasons for decisions in re-opening proceedings under Section 147 and ensuring a fair reassessment process for the petitioner. The reassessment was ordered to be conducted promptly, with the writ petition allowed and the connected miscellaneous petition closed without costs. Case-Laws Income Tax Fri, 25 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409331