S. 147 / 148 Non disposal of objection raised makes reassessment invalid

M/S Veer Vardhman Finance Investment Pvt. Ltd. Vs. DCIT (ITAT Delhi) As AO has not passed the speaking order in disposing of the assessee ‘s objections against the notice u/s. 148 of the I. T. Act, before proceeding with the assessment, hence subsequent assessment order is bad in law and deserving of being quashed. Full Text of the ITAT Order is as follows:- This appeal by the Assessee is directed against the Order dated 30.1.2017 of the Ld. CIT(A)-9, New Delhi pertaining to assessment year 2006-07 on the following grounds:- 1. “That the learned Commissioner of Income Tax (Appea...