Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
The ITAT Amritsar held that the reassessment order u/s 147 was invalid due to the absence of a statutory notice u/s 143(2). The non-issuance of the statutory notice u/s 143(2) was deemed an incurable defect, rendering the assessment proceedings legally flawed. Citing the judgments in Hotel Blue Moon and Laxman Das Khandelwal, the tribunal emphasized the mandatory nature of the notice. Referring to cases like Cebon India Ltd. and Punnu Synthetics Private Limited, the tribunal concluded that the assessment order was invalid without the requisite notice. The decision favored the assessee.
The ITAT Amritsar held that the reassessment order u/s 147 was invalid due to the absence of a statutory notice u/s 143(2). The non-issuance of the statutory notice u/s 143(2) was deemed an incurable defect, rendering the assessment proceedings legally flawed. Citing the judgments in Hotel Blue Moon and Laxman Das Khandelwal, the tribunal emphasized the mandatory nature of the notice. Referring to cases like Cebon India Ltd. and Punnu Synthetics Private Limited, the tribunal concluded that the assessment order was invalid without the requisite notice. The decision favored the assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
