https://www.taxtmi.com/caselaws?id=221216 The Court ruled in favor of the Department in an appeal against reassessment proceedings under Section 147 of the Income-tax Act, 1962. Despite the absence of the assessment year in the reasons recorded by the Assessing Officer, the Court emphasized the curable nature of such defects under Section 292B to ensure substantial justice. It held that the participation of the assessee without objection indicated no prejudice, validating the reassessment proceedings. The matter was remanded to the Tribunal for further review, highlighting that objections regarding the assessment year could not be raised belatedly after participating in the reassessment process. en-us Thu, 21 Feb 2013 00:00:00 +0530 Fri, 01 Mar 2013 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221216 The Court ruled in favor of the Department in an appeal against reassessment proceedings under Section 147 of the Income-tax Act, 1962. Despite the absence of the assessment year in the reasons recorded by the Assessing Officer, the Court emphasized the curable nature of such defects under Section 292B to ensure substantial justice. It held that the participation of the assessee without objection indicated no prejudice, validating the reassessment proceedings. The matter was remanded to the Tribunal for further review, highlighting that objections regarding the assessment year could not be raised belatedly after participating in the reassessment process. Case-Laws Income Tax Thu, 21 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221216