Reopening Quashed: Non-Compliance with GKN Driveshafts Procedure Vitiates Entire Assessment

Combine Diamonds Private Limited Vs ACIT (ITAT Mumbai) Reopening Quashed – Non-Compliance with GKN Driveshafts Procedure Vitiates Entire Assessment Assessee’s case was reopened u/s 147 based on hawala purchase information (₹6.19 Cr) received from Investigation Wing. AO completed reassessment making addition of ₹29.35 lakh, which was upheld by CIT(A). Before ITAT, assessee challenged validity of reopening on ground that mandatory procedure laid down in GKN Driveshafts was violated. ITAT observed  : Assessee repeatedly requested reasons for reopening AO issued notices u/s 142(1) even b...