Reassessment Quashed: AO Failed to Provide Material u/s 148A – ITAT Mumbai

CEC-ITD CEM TPL Joint Venture Vs DCIT (ITAT Mumbai) Reassessment Proceedings Quashed: ITAT Mumbai holds AO failed to provide material under section 148A Mumbai ITAT, in a group of cross appeals involving CEC-ITD CEM TPL Joint Venture for AYs  2017-18 to 2022-23, quashed reassessment proceedings initiated u/s148A for AYs 2017-18 to 2019-20. Reassessment notices were held invalid primarily due to non-compliance with procedural safeguards mandated u/s148A. Violation of Section 148A(b) Procedure:  AO failed to provide material or information supporting the alleged escapement of income of ₹97.1...