https://www.taxtmi.com/article/detailed?id=9924 Notices issued for reassessment after the substituted reassessment provisions took effect may be invalid if they fail to follow the amended procedure, are vague about whether assessment or reassessment of income or loss is proposed, or do not supply recorded reasons and requisite approvals. Taxpayers should file a preliminary objection demanding recorded reasons, order sheets and approvals, may treat the original return as their response pending receipt of reasons, and thereafter challenge the recorded reasons as lacking tangible material or amounting to mere change of opinion. en-us Wed, 28 Jul 2021 13:42:59 +0530 Wed, 28 Jul 2021 13:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9924 Notices issued for reassessment after the substituted reassessment provisions took effect may be invalid if they fail to follow the amended procedure, are vague about whether assessment or reassessment of income or loss is proposed, or do not supply recorded reasons and requisite approvals. Taxpayers should file a preliminary objection demanding recorded reasons, order sheets and approvals, may treat the original return as their response pending receipt of reasons, and thereafter challenge the recorded reasons as lacking tangible material or amounting to mere change of opinion. Articles Income Tax Wed, 28 Jul 2021 13:42:59 +0530 https://www.taxtmi.com/article/detailed?id=9924