Tribunal held that the AO has not disposed  the objection raised by the Asseessee  hence reassessment is bad in law. Tribunal also held that the powers of the CIT(A) were co-terminus with that of the AO, and he himself rejected the assessee’s objections to reopening of assessment is not justified. Power of reopening of assessment is specifically vested with the AO only. It is the AO who has to form the belief that income of the assessee has escaped assessment. Followed PCIT v. Sambuddha Tracon (P) Ltd. (ITAT No. 90 of 2022 & IA No. GA 2 of 2022, dt. 15th Nov., 2022) (Cal)(HC). (AY.  2010-11,  2011-12)