https://www.taxtmi.com/caselaws?id=68170 The Tribunal upheld the Assessment Officer's decision to complete the assessment under section 144 of the IT Act, 1961, finding that the assessee failed to prove improper service of notices and did not notify about changes in management. However, the Tribunal criticized the AO for not issuing a specific notice regarding the addition of Rs. 50 lakhs under section 68, leading to a procedural lapse. Consequently, the Tribunal set aside the assessment order and remanded the matter for a fresh assessment, allowing the assessee an opportunity to present its case properly. The appeal by the assessee was allowed for statistical purposes. en-us Tue, 30 Apr 1996 00:00:00 +0530 Sat, 03 Sep 2011 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68170 The Tribunal upheld the Assessment Officer's decision to complete the assessment under section 144 of the IT Act, 1961, finding that the assessee failed to prove improper service of notices and did not notify about changes in management. However, the Tribunal criticized the AO for not issuing a specific notice regarding the addition of Rs. 50 lakhs under section 68, leading to a procedural lapse. Consequently, the Tribunal set aside the assessment order and remanded the matter for a fresh assessment, allowing the assessee an opportunity to present its case properly. The appeal by the assessee was allowed for statistical purposes. Case-Laws Income Tax Tue, 30 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68170