https://www.taxtmi.com/caselaws?id=216315 The court upheld the decision annulling the assessment, stating it was not in accordance with law, and relied on a CBDT circular. It held that the circular was not contrary to the Act and correctly guided the assessing officer on the procedure before making a best judgment assessment. The court emphasized the requirement of issuing a notice under Section 139(2) or Section 148 before proceeding with a best judgment assessment under Section 144, rejecting the Revenue's argument that a notice under Section 143(2) sufficed. The decision confirming the annulment was upheld, and the Revenue's appeal was dismissed. en-us Tue, 21 Aug 2012 00:00:00 +0530 Sat, 26 Oct 2013 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216315 The court upheld the decision annulling the assessment, stating it was not in accordance with law, and relied on a CBDT circular. It held that the circular was not contrary to the Act and correctly guided the assessing officer on the procedure before making a best judgment assessment. The court emphasized the requirement of issuing a notice under Section 139(2) or Section 148 before proceeding with a best judgment assessment under Section 144, rejecting the Revenue's argument that a notice under Section 143(2) sufficed. The decision confirming the annulment was upheld, and the Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 21 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216315