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2018 (10) TMI 614 - HC - Income TaxRe-opening of the assessment u/s 147 - failure to provide reason to belief despite written request - failure to issue notice u/s 143(2) - Held that:- t by taking note of the insertion of the new proviso with retrospective effect and noticing the law laid down in the case of C.Pananappan [2011 (3) TMI 589 - MADRAS HIGH COURT], the Substantial Question of Law has to be answered in favour of the Revenue and against the assessee. However, as inspite of request made by the deceased assessee, the reasons were not furnished. Therefore, at this distant point of time, we feel it will be inappropriate and inequitable to remand the matter to the Assessing Officer with a direction to furnish the reasons and to proceed in accordance with law. Assessment proceedings quashed on the ground of non-furnishing of reasons for re-opening of assessment and also taking note of the monetary limit involved in this appeal, which is less than ₹ 2 lakhs. - Decided against the revenue.
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