ITAT sets aside Income Tax Reassessment completed without Providing a Copy of the Reasons

The Income Tax Appellate Tribunal (ITAT) set aside an income tax reassessment for failing to provide the assessee with a copy of the reasons for reassessment. The reassessment was based on incorrect facts and non-application of mind by the Assessing Officer, who failed to furnish necessary documents despite a written request. The Tribunal declared the reassessment invalid, highlighting procedural lapses, including incorrect recorded amounts and mechanical satisfaction without proper verification. This decision underscores the importance of adhering to procedural requirements in reassessment cases.