Allowing the appeal of the assessee the Tribunal held that the recorded reasons were not supplied to the assessee despite requesting several times. The Tribunal pursued the assessment records and quashed the reassessment proceedings. (ITA No. 1535 /Mum/2016 dt. 29-9-2021. (AY. 2009-10)
Rishabh Metals & Chemicals Pvt. Ltd. v. DCIT (2021) The Chamber’s Journal-November-P. 101 (Mum.)(Trib.)
S. 147 : Reassessment-Recorded reasons not provided-Reassessment is bad in law. [S. 148]