Assessment Without Separate Disposal of Objections Held Void: ITAT Mumbai

Soham Estates Vs DCIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai has set aside reassessment orders issued by the Deputy Commissioner of Income Tax (DCIT) against Soham Estates, a partnership firm engaged in builder and developer activities. The tribunal’s decision, covering Assessment Years (AY) 2012-13, 2013-14, and 2014-15, primarily hinges on the tax authorities’ failure to adhere to established legal procedures regarding the disposal of objections raised by the assessee during reassessment proceedings. The case emerged from a survey conducted under Section 133A o...