https://www.taxtmi.com/caselaws?id=314326 The ITAT Jaipur quashed a reassessment order after the Assessing Officer failed to provide reasons for reopening the assessment despite specific requests from the assessee. The tribunal held that since the recorded reasons were not furnished until assessment completion, the reassessment could not be upheld. The decision was supported by the Bombay HC ruling in Videsh Sanchar Nigam Ltd, which established that non-disclosure of reopening reasons invalidates reassessment proceedings. The appeal was decided in favor of the assessee. en-us Wed, 27 Jul 2022 00:00:00 +0530 Fri, 31 May 2024 21:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314326 The ITAT Jaipur quashed a reassessment order after the Assessing Officer failed to provide reasons for reopening the assessment despite specific requests from the assessee. The tribunal held that since the recorded reasons were not furnished until assessment completion, the reassessment could not be upheld. The decision was supported by the Bombay HC ruling in Videsh Sanchar Nigam Ltd, which established that non-disclosure of reopening reasons invalidates reassessment proceedings. The appeal was decided in favor of the assessee. Case-Laws Income Tax Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314326