https://www.taxtmi.com/caselaws?id=428819 In reassessment proceedings, the assessing officer must give reasons for issuing notice under Section 147 and follow the procedural safeguards laid down in GKM Driveshafts (India) Ltd. v. ITO; any adverse order remains open to challenge by the taxpayer. The Supreme Court dismissed the special leave petition despite noting the impugned order was non-speaking and cryptic, while leaving all contentions open. It also permitted the taxpayer to file the return of income under protest within one month, without prejudice to rights and contentions, so tax compliance can proceed while the challenge is preserved. en-us Fri, 05 Aug 2022 00:00:00 +0530 Wed, 10 Jun 2026 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428819 In reassessment proceedings, the assessing officer must give reasons for issuing notice under Section 147 and follow the procedural safeguards laid down in GKM Driveshafts (India) Ltd. v. ITO; any adverse order remains open to challenge by the taxpayer. The Supreme Court dismissed the special leave petition despite noting the impugned order was non-speaking and cryptic, while leaving all contentions open. It also permitted the taxpayer to file the return of income under protest within one month, without prejudice to rights and contentions, so tax compliance can proceed while the challenge is preserved. Case-Laws Income Tax Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428819