S. 147 Supply of recorded reasons after passing reassessment order renders the reopening void

INCOME TAX APPELLATE TRIBUNAL,BANGALORE ITA No.549/Bang/2011 – (Asst. year 2005-06) M/s Synopsys International Limited vs The Deputy Director of Income-tax Date of Pronouncement 10.12.2012 RELEVANT PARAGRAPHS 4.1.2 As per the records, we find that the then Assessing Officer had recorded in writing the reasons for initiation of proceedings under section 147/148 of the Act. It is also a matter of record that the assessee’s letter dated 16/4/2007, for filing the return of income for the assessment year 2005-06 in response to notice under section 148 dt.2/4/2007, contain...