Assessing Officer must record ‘reasons’ before issuing notice u/s. 148

IN THE ITAT MUMBAI BENCH ‘D’ Dadanbai B. Bachani  v.  ITO IT Appeal Nos. 2759 & 2760 (Mum.) of 2011 [Assessment Year 1996-97] MAY 11, 2012 ORDER Amit Shukla, Judicial Member – ITA No.2759/Mum/2011(A.Y. 1996-1997) : This appeal has been filed against the order dated 25-2-2011, passed by the CIT(A)-30, Mumbai for the quantum of assessment determined under Section 143(3), r.w.s. 147 r.w.s. 254 for the assessment year 1996-1997 on the following grounds :- “1.  The learned CIT(A) erred in law and in facts in upholding the order passed by the Assessing...