https://www.taxtmi.com/caselaws?id=63460 The Tribunal ruled in favor of the assessee, a limited company, in a tax dispute case. It found that the Assessing Officer's adjustments under section 143(1)(a) were not prima facie and required a hearing, thus necessitating an assessment under section 143(3). The Tribunal also emphasized the importance of issuing a notice under section 143(2) before applying section 115J for computing book profits. Consequently, the Tribunal deemed the assessment proceedings illegal and invalid, quashing them and partially allowing the appeal without delving into the substantive merits of the case. en-us Fri, 10 Jun 1994 00:00:00 +0530 Mon, 31 Jan 2011 11:08:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63460 The Tribunal ruled in favor of the assessee, a limited company, in a tax dispute case. It found that the Assessing Officer's adjustments under section 143(1)(a) were not prima facie and required a hearing, thus necessitating an assessment under section 143(3). The Tribunal also emphasized the importance of issuing a notice under section 143(2) before applying section 115J for computing book profits. Consequently, the Tribunal deemed the assessment proceedings illegal and invalid, quashing them and partially allowing the appeal without delving into the substantive merits of the case. Case-Laws Income Tax Fri, 10 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63460