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2016 (7) TMI 669 - AT - Income TaxReopening of assessment - Eligibility of exemption from income tax U/s 10(20) - Held that:- Assessing Officer was duty bound to furnish the reasons within the reasonable time on receipt of the request from the assessee, since the ld Assessing Officer has failed to provide the reasons for issuing the notice within reasonable time, therefore, we are left with no other option but to set aside the proceedings to the file of the Assessing Officer with direction to provide reasons for issuing notice U/s 148 to the assessee within four weeks from the date of receipt of the order in respect of A.Y. 2005-06 to 2009-10. Thereafter the assessee shall find the objections to the assessing officer and the assessing officer shall pass a speaking order in accordance with law in that the reasonable period deciding the objections of the assessee which may be filed against notice under section 148. Therefore we hereby set aside the orders passed by the authorities below and allow the appeals of the assessee for statistical purposes only.
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