https://www.taxtmi.com/caselaws?id=458354 ITAT Kolkata allowed the assessee's appeal challenging reopening of assessment under section 147. The AO issued notice under section 148 without supplying reasons to believe. Following GKN Drive Shaft India Ltd. SC precedent, the AO must furnish reasons within requisite time, allowing assessee to file objections which must be disposed through speaking order. Since this mandate was not complied with, the completed assessment and demand raised were quashed as bad in law. en-us Fri, 21 Apr 2023 00:00:00 +0530 Tue, 22 Oct 2024 20:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458354 ITAT Kolkata allowed the assessee's appeal challenging reopening of assessment under section 147. The AO issued notice under section 148 without supplying reasons to believe. Following GKN Drive Shaft India Ltd. SC precedent, the AO must furnish reasons within requisite time, allowing assessee to file objections which must be disposed through speaking order. Since this mandate was not complied with, the completed assessment and demand raised were quashed as bad in law. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458354