The Tribunal dismissing the assessee\u2019s appeal held that communication of reasons\u00a0to the assessee where the assessee seeks reasons for the issuance of notice, the AO is bound to the\u00a0supply the reasons within a reasonable time. In the instant case,\u00a0after filing the return of income, the assessee never sought reasons for\u00a0initiating proceedings under s. 147 during the course of assessment proceedings and participated in such proceedings. Thus, the assessee cannot be\u00a0take the plea that reasons were not supplied to him or the reasons\u00a0have not been supplied within a reasonable period of time taking support\u00a0from the\u00a0 directions of the Supreme Court in the case of GKN Driveshafts (India) Ltd. vs ITO (2003) 179 CTR (SC) 11 : (2003) 259 ITR 19 (SC). After calling for the remand\u00a0report from the AO, the CIT(A) has recorded a specific finding to the effect that reasons were duly communicated to the assessee during the course assessment proceedings which is duly acknowledged by the assessee on the note sheet. Therefore, there is no violation on the part of the AO in terms directions laid down by the Supreme Court as well as in terms of principle of\u00a0natural justice. Hence, contention of assessee that AO has not supplied copy of reasons cannot be accepted.(AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 147 : Reassessment-Communication of reason to believe-No violation of directions of Supreme Court in GKN Driveshaft (India.) Ltd.\u2019s case-Reassessment is valid [S. 148] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-36872","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9AI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=36872"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36872\/revisions"}],"predecessor-version":[{"id":36873,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36872\/revisions\/36873"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}