Reassessment Quashed for Failure to Dispose Objections Before Order: ITAT Mumbai

Amish Anantrai Modi Vs DCIT (ITAT Mumbai) Reassessment Quashed for Non-Disposal of Objections: GKN Driveshafts Violation Is Jurisdictional, Not Curable — ITAT Mumbai The Mumbai ITAT (“A” Bench) allowed the appeal of the assessee for AY 2013-14 and quashed the reassessment proceedings in entirety, holding that failure to dispose of objections to reopening before completing reassessment is a fatal jurisdictional defect. The assessee’s original assessment, earlier framed under section 143(3) r.w.s. 153C and involving alleged bogus LTCG, had already been quashed by the Tribunal in the firs...