HC set-aside order as AO concluded reassessment before assessee could file objections to reasons recorded

Section 147, read with section 148, of the Income-tax Act, 1961 - Income escaping assessment - Non-disclosure of primary facts (Objections of assessee) - Assessment year 2013-14 - Assessing Officer issued notice to initiate reassessment - Assessee requested to furnish reasons recorded for reopening - On day of furnishing reasons, re-assessment order was passed by Assessing Officer - Assessee filed preliminary objections on 27-12-2018 - Whether since assessee was not provided breathing time to furnish objections, and Assessing Officer proceeded to conclude re-assessment in hasty manner, impugned re-assessment was to be set aside - Held, yes [Para 7] [In favour of assessee/Matter remanded]

Refer:[2019] 106 taxmann.com 23 (Karnataka)