https://www.taxtmi.com/caselaws?id=456385 The ITAT Raipur quashed a reassessment u/s 147 after the AO failed to provide the assessee with a copy of "reasons to believe" despite specific request. The tribunal held this failure violated the assessee's statutory right to object to the reopening basis, invalidating the AO's jurisdictional assumption. Citing precedents including GKN Driveshafts (SC), Agarwal Metals (Bombay HC), and Jagat Talkies Distributors (Delhi HC), the tribunal ruled the assessment was passed in violation of governing legal principles and struck it down for want of valid jurisdiction. The assessee's appeal was allowed. en-us Wed, 06 Sep 2023 00:00:00 +0530 Mon, 22 Jul 2024 20:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456385 The ITAT Raipur quashed a reassessment u/s 147 after the AO failed to provide the assessee with a copy of "reasons to believe" despite specific request. The tribunal held this failure violated the assessee's statutory right to object to the reopening basis, invalidating the AO's jurisdictional assumption. Citing precedents including GKN Driveshafts (SC), Agarwal Metals (Bombay HC), and Jagat Talkies Distributors (Delhi HC), the tribunal ruled the assessment was passed in violation of governing legal principles and struck it down for want of valid jurisdiction. The assessee's appeal was allowed. Case-Laws Income Tax Wed, 06 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456385