Invalid Reassessment Order Due to Lack of Notice

The High Court of Bombay held that a reassessment order under section 143(3) r/w 147 of the Income Tax Act, 1961 was invalid due to the assessing officer's failure to issue notice under section 143(2) after issuing notice under section 148. Without the requisite notice under section 143(2), the reassessment order was deemed unsustainable. The appeal was dismissed without costs.

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The High Court of Bombay held that a reassessment order under section 143(3) r/w 147 of the Income Tax Act, 1961 was invalid because the assessing officer did not issue notice under section 143(2) after issuing notice under section 148. Referring to a previous case, the court stated that without notice under section 143(2), the reassessment order cannot be upheld. The appeal was dismissed with no costs.

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