https://www.taxtmi.com/caselaws?id=120192 The Tribunal allowed the appeal, ruling that the initiation of proceedings under section 147 by issuing a notice under section 148 was invalid and void ab initio. As a result, the treatment of Rs. 3.90 crores received under a non-compete agreement was not addressed. The appeal of the assessee was successful. en-us Fri, 28 Apr 2006 00:00:00 +0530 Tue, 17 Jul 2012 14:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120192 The Tribunal allowed the appeal, ruling that the initiation of proceedings under section 147 by issuing a notice under section 148 was invalid and void ab initio. As a result, the treatment of Rs. 3.90 crores received under a non-compete agreement was not addressed. The appeal of the assessee was successful. Case-Laws Income Tax Fri, 28 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120192