https://www.taxtmi.com/caselaws?id=757482 The HC quashed the reassessment order passed under sections 143(2) and 147 as the AO failed to dispose of the petitioner's objections through a speaking order before proceeding with assessment. The court rejected the revenue's contention that fresh reasons in the Joint Commissioner's section 151 approval could substitute for the original reasons, holding this violated established legal principles. The court criticized the AO for adopting different approaches by furnishing different reasons to the assessee than those presented to the Joint Commissioner, and for proceeding despite knowing the legal requirements. The HC emphasized that once objections are raised to reassessment reasons, a speaking order disposing of such objections is mandatory before passing the assessment order. en-us Wed, 07 Aug 2024 00:00:00 +0530 Tue, 18 Mar 2025 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757482 The HC quashed the reassessment order passed under sections 143(2) and 147 as the AO failed to dispose of the petitioner's objections through a speaking order before proceeding with assessment. The court rejected the revenue's contention that fresh reasons in the Joint Commissioner's section 151 approval could substitute for the original reasons, holding this violated established legal principles. The court criticized the AO for adopting different approaches by furnishing different reasons to the assessee than those presented to the Joint Commissioner, and for proceeding despite knowing the legal requirements. The HC emphasized that once objections are raised to reassessment reasons, a speaking order disposing of such objections is mandatory before passing the assessment order. Case-Laws Income Tax Wed, 07 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757482