Reassessment order passed without disposing objection raised by assessee not sustainable

Shipping Corporation of India Limited Vs Additional/Joint/Deputy/ACIT (ITAT Mumbai)

ITAT Mumbai held that passing of assessment order u/s 147 r.w.s. 144B of the Act without disposing the objections raised by the assessee is not sustainable being without jurisdiction. Accordingly, reassessment notice u/s. 148 set aside.

Facts- The assessee electronically filed its return of income on 29/11/2016 declaring total income of Rs.1,79,14,88,584/- under normal provisions of the Act and book profit of Rs.1,65,32,24,597/- u/s 115JB of the Act. The return was selected f

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