https://www.taxtmi.com/caselaws?id=235691 The Karnataka High Court ruled in a case involving block assessment years 1988-89 to 1998-99 that the Assessing Officer's failure to issue a notice under section 143(2) of the Income-tax Act within the prescribed time rendered the assessment order illegal. The court emphasized the mandatory nature of issuing such notice for block assessments, following the apex court's decision in Asst. CIT v. Hotel Blue Moon. The judgment clarified that the provisions of section 143(2) are crucial for completing assessments under section 143(3) in block assessment proceedings. As a result, the assessee's appeal succeeded, and the Revenue's appeals were dismissed based on the substantial question of law regarding limitation. en-us Wed, 24 Aug 2011 00:00:00 +0530 Wed, 31 Jul 2013 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235691 The Karnataka High Court ruled in a case involving block assessment years 1988-89 to 1998-99 that the Assessing Officer's failure to issue a notice under section 143(2) of the Income-tax Act within the prescribed time rendered the assessment order illegal. The court emphasized the mandatory nature of issuing such notice for block assessments, following the apex court's decision in Asst. CIT v. Hotel Blue Moon. The judgment clarified that the provisions of section 143(2) are crucial for completing assessments under section 143(3) in block assessment proceedings. As a result, the assessee's appeal succeeded, and the Revenue's appeals were dismissed based on the substantial question of law regarding limitation. Case-Laws Income Tax Wed, 24 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235691