https://www.taxtmi.com/caselaws?id=65315 The Tribunal determined that the proviso to section 143(2) applies to returns filed pursuant to notice u/s 148, mandating notice service within 12 months. Failure to serve notice within this timeframe renders the assessment invalid. In the appellants' cases, notices were issued beyond the prescribed period, leading to the Tribunal allowing the appeals and invalidating the assessments. The Tribunal emphasized the mandatory nature of the statutory timelines, underscoring the loss of jurisdiction by the Assessing Officer due to non-compliance with procedural requirements. Interveners supporting the appellants were advised they could similarly benefit from this decision. en-us Mon, 31 Jan 2005 00:00:00 +0530 Thu, 16 May 2024 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65315 The Tribunal determined that the proviso to section 143(2) applies to returns filed pursuant to notice u/s 148, mandating notice service within 12 months. Failure to serve notice within this timeframe renders the assessment invalid. In the appellants' cases, notices were issued beyond the prescribed period, leading to the Tribunal allowing the appeals and invalidating the assessments. The Tribunal emphasized the mandatory nature of the statutory timelines, underscoring the loss of jurisdiction by the Assessing Officer due to non-compliance with procedural requirements. Interveners supporting the appellants were advised they could similarly benefit from this decision. Case-Laws Income Tax Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65315