Tribunal directed the Assessing Officer to supply reasons for reopening of assessment and only after disposal of objections, if any, raised by assessee to reopening, Assessing Officer would proceed to recompute income of assessee in accordance with law. Matter remanded. (AY. 2011-12)
Jitender Kumar Gupta (HUF) v. ACIT (2021) 189 ITD 714 (Hyd.) (Trib.)
S. 148 : Reassessment-Notice-Information from Investigation wing-Bogus long term and Short term capital gains-Reasons for reopening was not supplied-Directed to supply reasons for reopening-Directed to pass in accordance with law-Matter remanded. [S. 69B, 147]