https://www.taxtmi.com/caselaws?id=120935 The Tribunal upheld the validity of the Assessing Officer's assumption of jurisdiction under sections 147/148 but found procedural lapses in invoking section 144 for a best judgment assessment. The assessments were set aside, and the AO was directed to conduct fresh assessments after affording the assessee an opportunity to show cause as required by section 144. The Tribunal allowed the appeals partly, requiring the AO to rectify procedural deficiencies before addressing the substantive merits of the additions made in the assessments. en-us Fri, 05 Oct 2007 00:00:00 +0530 Wed, 25 Jul 2012 14:53:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120935 The Tribunal upheld the validity of the Assessing Officer's assumption of jurisdiction under sections 147/148 but found procedural lapses in invoking section 144 for a best judgment assessment. The assessments were set aside, and the AO was directed to conduct fresh assessments after affording the assessee an opportunity to show cause as required by section 144. The Tribunal allowed the appeals partly, requiring the AO to rectify procedural deficiencies before addressing the substantive merits of the additions made in the assessments. Case-Laws Income Tax Fri, 05 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120935