The notice issued for reopening of the assessment is dropped by the AO though not challenged by\u00a0 the assessee. On writ the assessee contended that they have not opposed the reassessment proceedings hence the dropping of reassessment notice is not permissible. Dismissing the petition the Court held that\u00a0 reassessment proceedings u\/s. 147 are for benefit of revenue and, therefore, dropping of reassessment proceedings by AO even in absence of assessee challenging notice under section 147\/148, is justified.\u00a0 Followed\u00a0 K.Sudhakar S. Shanbhag v. ITO (200) 241 ITR 865 (Bom.)(HC)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 147 : Reassessment-Dropping of reassessment proceedings by AO- Absence of challenge by the assseee\u2013Held to be justified. [S.148, Art.226] <\/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":[1],"tags":[],"class_list":["post-9926","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2A6","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9926","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=9926"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9926\/revisions"}],"predecessor-version":[{"id":9927,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9926\/revisions\/9927"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}