ITAT Pune Quashed Reassessment for Not Supplying Recorded Reasons

Suresh Vitthalrao Barge Vs ITO (ITAT Pune) Reassessment Quashed for Non-Furnishing of Recorded Reasons: Failure to Supply Reasons vitiates Jurisdiction The Pune Bench of the ITAT allowed the assessee’s appeal for AY 2015-16 and quashed the reassessment proceedings initiated u/s 147/148, holding that the Assessing Officer failed to furnish the recorded reasons for reopening despite a specific request by the assessee. The Tribunal noted that the assessee had expressly sought copies of the reasons recorded and the approval u/s 151 during e-proceedings, yet the AO admittedly did not supply themâ...