Furnishing Reasons at Fag End & Hasty Reassessment Proceedings Unconstitutional: Bombay HC

Jayant Avinash Dave Vs ACIT (Bombay High Court) The Bombay High Court ruled in favor of petitioner Jayant Avinash Dave, quashing the reopening notice and subsequent assessment and demand orders related to the 2015-16 assessment year. The petitioner challenged the reopening notice under Section 148 of the Income Tax Act, alleging procedural lapses and unfair decision-making. The court observed that the Assessing Officer failed to provide reasons for reopening the case promptly, despite repeated requests, and issued the assessment order in haste, bypassing due process. The petitioner, a regular ...