https://www.taxtmi.com/caselaws?id=762050 Reopening of assessment under Sections 147 and 148 requires the Assessing Officer to furnish reasons for reopening and dispose of the assessee's objections before finalising the reassessment. The note applies G.K.N. Driveshafts to treat this pre-assessment procedure as mandatory, and states that non-compliance is not cured by Section 292B. The Karnataka HC ruling referred to in the text upheld quashing of the reopened assessment and remand for reconsideration, while the Special Leave Petition was dismissed for delay and on merits. en-us Mon, 18 Nov 2024 00:00:00 +0530 Wed, 29 Apr 2026 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762050 Reopening of assessment under Sections 147 and 148 requires the Assessing Officer to furnish reasons for reopening and dispose of the assessee's objections before finalising the reassessment. The note applies G.K.N. Driveshafts to treat this pre-assessment procedure as mandatory, and states that non-compliance is not cured by Section 292B. The Karnataka HC ruling referred to in the text upheld quashing of the reopened assessment and remand for reconsideration, while the Special Leave Petition was dismissed for delay and on merits. Case-Laws Income Tax Mon, 18 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762050