Allowing the appeal of the assessee the Tribunal held that ; the Assessing Officer had not passed a speaking order in disposing of the assessee’s objections against the notice under section 148 before proceeding with the assessment. Hence the subsequent assessment order was bad in law and was quashed. ( AY. 2006 07)
Veer Vardhman Finance Investment Pvt. LTD. v. DCIT (2018) 61 ITR 669 (Delhi) (Trib)
S. 147: Reassessment — Non-speaking order disposing of Assessee’s objection against reassessment — Reassessment was held to be invalid [ S.68, 148 ]