Non-supply of reasons to reopen assessment makes such notice bad in law

Advertisement CA Saurabh Chokhra Brief of the case: The Hon’ble Bombay HC in the above cited case held that supplying of reasons for reopening assessment is a jurisdictional requirement and non-supplying of the same when the assessee specifically asked for the same would made the reassessment notice bad in law. Facts of the case: For AY 1993-94 the regular assessment u/s 143(3) was completed by an order dated 26 March 1996. Thereafter, on 9 December 1996, the Assessing Officer issued a notice u/s. 147 read with Section 148 of the Act, seeking to reopen the assessment for the Assessm...