https://www.taxtmi.com/caselaws?id=208878 The High Court held that the notice under s. 148 was not maintainable as the Assessing Officer had not resorted to s. 143(2) of the IT Act, 1961 before initiating reassessment proceedings. The Court emphasized the importance of following procedural requirements before invoking s. 147 for reassessment. Despite the assessee's reliance on judgments from various High Courts, the High Court sided with the Revenue, setting aside the Tribunal's decision and remitting the matter for fresh assessment in compliance with the law. en-us Mon, 04 Oct 2010 00:00:00 +0530 Fri, 27 Jan 2012 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208878 The High Court held that the notice under s. 148 was not maintainable as the Assessing Officer had not resorted to s. 143(2) of the IT Act, 1961 before initiating reassessment proceedings. The Court emphasized the importance of following procedural requirements before invoking s. 147 for reassessment. Despite the assessee's reliance on judgments from various High Courts, the High Court sided with the Revenue, setting aside the Tribunal's decision and remitting the matter for fresh assessment in compliance with the law. Case-Laws Income Tax Mon, 04 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208878