https://www.taxtmi.com/caselaws?id=414633 The Tribunal partially allowed the appeals filed by the assessee, deeming the reassessment invalid due to the non-supply of reasons for reopening assessment. The Court emphasized the necessity of communicating reasons for reassessment for its validity, following the precedent set by the jurisdictional High Court and the Supreme Court. As reasons were not provided contemporaneously with the notice u/s. 148, the reassessment order was quashed, in line with the ruling in GKN Driveshaft's case. The Tribunal's decision was upheld by the Apex Court, confirming the invalidity of the reassessment. en-us Tue, 26 Oct 2021 00:00:00 +0530 Sat, 13 Nov 2021 20:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414633 The Tribunal partially allowed the appeals filed by the assessee, deeming the reassessment invalid due to the non-supply of reasons for reopening assessment. The Court emphasized the necessity of communicating reasons for reassessment for its validity, following the precedent set by the jurisdictional High Court and the Supreme Court. As reasons were not provided contemporaneously with the notice u/s. 148, the reassessment order was quashed, in line with the ruling in GKN Driveshaft's case. The Tribunal's decision was upheld by the Apex Court, confirming the invalidity of the reassessment. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414633