Case Law Details
Case Name : Fomento Resorts & Hotels Ltd Vs ACIT (Bombay High Court)
Related Assessment Year : 1997-98
Courts :
All High Courts Bombay High Court
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Fomento Resorts & Hotels Ltd Vs ACIT (Bombay High Court)
Conclusion: Since AO had purported to assume the jurisdiction for reopening of assessment, without having first disposed of assessee’s objections to the reasons by passing a speaking order, therefore, failure to follow the procedure renders the assumption of jurisdiction by AO ultra vires in law.
Held: In the present case, assessee-company lodged their objections and requested AO t
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