Reasons for reopening not provided – ITAT upholds quashing of order by CIT(A)

ITO Vs Asahi Infrastructure Projects Ltd (ITAT Mumbai) The case of ITO vs Asahi Infrastructure Projects Ltd, presented before ITAT Mumbai, underscored important principles related to the reopening of the assessment under section 147 of the IT Act. The judgement laid emphasis on the guidelines provided by the Supreme Court in the GKN Driveshaft case, concerning an assessee’s right to the reasons for reopening and their ability to object them. The tax authorities argued that the CIT(A) erred in quashing the order under sections 147/143(3) of the IT Act without appreciating that no request ...