Reassessment Quashed: Failure to Dispose Objections Makes 148 Proceedings Invalid- ITAT Bangalore

Snehalatha Singhi Vs DCIT (ITAT Bangalore) In this case, the Bangalore ITAT held that reassessment proceedings initiated under Sections 147/148 are invalid in law where the Assessing Officer fails to dispose of the assessee’s objections by a speaking order, as mandated by the Supreme Court in GKN Driveshafts (India) Ltd. The assessee had raised detailed objections to the reopening on 26.12.2019, but the AO considered only one part of the objections and completely ignored the second set filed later the same day. The Tribunal noted  that there was no evidence of disposal of these objections, ...