https://www.taxtmi.com/caselaws?id=244765 The appeals related to income tax quantum and penalty levy under Section 271(1)(c) of the Income Tax Act for the assessment year 1999-2000 were considered by the Tribunal. The primary issue was the validity of notice service under Sections 148/142(1) and 143(2) of the Act, with the Tribunal ruling the service invalid. Additionally, the Tribunal quashed the AO's order on the assessee's capital gain tax liability, questioning jurisdiction and ordering a fresh assessment. Despite procedural errors, the judgment emphasized the assessee's tax liability on capital gains and directed a fresh assessment by the Income Tax Officer at Kapurthala. en-us Fri, 21 Feb 2014 00:00:00 +0530 Fri, 07 Mar 2014 07:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244765 The appeals related to income tax quantum and penalty levy under Section 271(1)(c) of the Income Tax Act for the assessment year 1999-2000 were considered by the Tribunal. The primary issue was the validity of notice service under Sections 148/142(1) and 143(2) of the Act, with the Tribunal ruling the service invalid. Additionally, the Tribunal quashed the AO's order on the assessee's capital gain tax liability, questioning jurisdiction and ordering a fresh assessment. Despite procedural errors, the judgment emphasized the assessee's tax liability on capital gains and directed a fresh assessment by the Income Tax Officer at Kapurthala. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244765