Reassessment order set aside as passed without disposal of objections: Karnataka HC

Hewlett Packard Financial Services (India) Pvt Ltd Vs DCIT (Karnataka High Court) Karnataka High Court held that reassessment order under section 148 of the Income Tax Act is bad-in-law since passed without following mandatory procedure of disposal of objections. Accordingly, order of reassessment set aside. Facts- The 2nd respondent had issued notice u/s. 143(2) of the Income Tax Act, 1961 which was responded to by the petitioner and an order has been passed u/s. 143(3) of the Act. Subsequently, petitioner has received a notice on 31.03.2018 u/s. 148 of the Act by the 2nd respondent proposing...