Reassessment Quashed for Ignoring Objections to Reopening

Mangaldas Shetty Vs ITO (Karnataka High Court) Karnataka High Court Quashes Reassessment for Non-Disposal of Objections and Lack of Mandatory Notice The Karnataka High Court allowed the writ petition filed by Mangaldas Shetty, quashing the entire reassessment proceedings, including notices under Sections 148 and 143(2), the assessment order under Sections 143(3) read with 147, consequential demand, and penalty proceedings. The Court held that the reassessment was vitiated on multiple fundamental grounds. First, despite the assessee having filed detailed objections to the reasons recorded for r...