https://www.taxtmi.com/caselaws?id=62749 The Tribunal determined that block assessment proceedings conducted without issuing a notice under Section 143(2) of the IT Act are invalid. It further clarified that Section 292BB, introduced by the Finance Act, 2008, applies prospectively from 1st April, 2008, and does not prevent the assessee from challenging assessments completed before this date due to non-issuance of mandatory notices. Consequently, the case was remanded to the regular Bench for further proceedings based on these findings. en-us Wed, 14 Jan 2009 00:00:00 +0530 Fri, 24 Nov 2023 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62749 The Tribunal determined that block assessment proceedings conducted without issuing a notice under Section 143(2) of the IT Act are invalid. It further clarified that Section 292BB, introduced by the Finance Act, 2008, applies prospectively from 1st April, 2008, and does not prevent the assessee from challenging assessments completed before this date due to non-issuance of mandatory notices. Consequently, the case was remanded to the regular Bench for further proceedings based on these findings. Case-Laws Income Tax Wed, 14 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62749