https://www.taxtmi.com/caselaws?id=213026 The High Court ruled in favor of the assessee, emphasizing the necessity of setting aside the assessment proceedings and granting liberty to the Revenue to issue a fresh notice in accordance with the law. The judgment highlighted the importance of procedural compliance, especially in cases where the status of the assessee is subject to modification. The decision underscored the significance of obtaining approval from the CBDT for issuing a fresh notice after a significant period had elapsed from the original assessment date. The matter was remanded to the Assessing Officer for further appropriate steps, emphasizing adherence to legal procedures and due process. en-us Thu, 09 Feb 2012 00:00:00 +0530 Mon, 10 Dec 2012 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213026 The High Court ruled in favor of the assessee, emphasizing the necessity of setting aside the assessment proceedings and granting liberty to the Revenue to issue a fresh notice in accordance with the law. The judgment highlighted the importance of procedural compliance, especially in cases where the status of the assessee is subject to modification. The decision underscored the significance of obtaining approval from the CBDT for issuing a fresh notice after a significant period had elapsed from the original assessment date. The matter was remanded to the Assessing Officer for further appropriate steps, emphasizing adherence to legal procedures and due process. Case-Laws Income Tax Thu, 09 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213026