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2015 (9) TMI 895 - ITAT PUNEValidity of reopening of assessment - non-supply of verbatim copy of reasons recorded for reopening the assessment - Held that:- .The Hon’ble Supreme Court in GKN Driveshafts (India) Ltd. Vs. ITO and Others [2002 (11) TMI 7 - SUPREME Court] held that when a notice under section 148 of the Income-tax Act, 1961, is issued, the proper course of action for the notice is to file the return and, if he so desires, to seek reasons for issuing the notices. The Assessing Officer is bound to furnish reasons within a reasonable time. On receipt of reasons, the notice is entitled to file objections to issuance of notice and the Assessing Officer is bound to dispose of the same by passing a speaking order. In view of the concession of the assessee, we remit back the issue to the Assessing Officer with direction to give verbatim copy of reasons recorded to the assessee and thereafter, to adjudicate the objections, if any, raised by the assessee against such reasons recorded for reopening the assessment. Thereafter, the Assessing Officer shall adjudicate the issue raised on merits after providing reasonable opportunity of hearing to the assessee. - Decided in favour of assessee for statistical purposes.
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