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2012 (12) TMI 1027 - AT - Income TaxValidity of the reassessment - Held that:- The consequences of failure to supply the reasons recorded u/s 148 of the Act to the assessee when asked for, the reassessment is required to the quashed. Considering the undisputed facts of repeated requests for supply of reasons by the assessee and the AO’s blanket failure to supply the reasons recorded u/s 148 the impugned reassessment is bad in law and the same is required to be quashed. Ground no.1 raised by the assessee is allowed.
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