Madras high Court on quashing 143(2) sans GKN Driveshafts being followed

McKinsey Global Service India Private Limited Vs ACIT (Madras High Court)

6. The contention of the petitioner is that the principles laid down by the Hon’ble Supreme Court of India, re-opening of assessment proceedings in the case of GKN Driveshafts India Ltd., Vs. ITO reported in (2003) 259 ITR 19 (SC) has not been complied with. Thus, the impugned notice is liable to be set aside.

7. The authority competent under the Statute is expected to furnish reasons for

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