https://www.taxtmi.com/caselaws?id=204931 The Tribunal allowed the appeal filed by the assessee, declaring the reassessment order invalid and quashing it. The reassessment under section 148 read with section 147 was deemed without jurisdiction due to the lack of valid notice and recording of reasons. The Tribunal also found the notice under section 143(2) to be without jurisdiction, further supporting the invalidity of the reassessment. As a result, the addition of Rs. 5 lakhs made by the Assessing Officer was not addressed, as the jurisdictional issues were resolved in favor of the assessee. en-us Wed, 20 Jan 2010 00:00:00 +0530 Thu, 11 Aug 2011 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204931 The Tribunal allowed the appeal filed by the assessee, declaring the reassessment order invalid and quashing it. The reassessment under section 148 read with section 147 was deemed without jurisdiction due to the lack of valid notice and recording of reasons. The Tribunal also found the notice under section 143(2) to be without jurisdiction, further supporting the invalidity of the reassessment. As a result, the addition of Rs. 5 lakhs made by the Assessing Officer was not addressed, as the jurisdictional issues were resolved in favor of the assessee. Case-Laws Income Tax Wed, 20 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204931