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NOTE:
In a tax reassessment case, the ITAT quashed the reassessment order under Section 147 due to the Assessing Officer's failure to dispose of the assessee's objections through a reasoned order. The AO did not comply with the Supreme Court's GKN Driveshaft judgment, which mandates addressing objections to assessment reopening via a speaking order. Consequently, the reassessment order dated 31/03/2022 was deemed invalid and passed without jurisdiction, ultimately decided in favor of the assessee and against the revenue.