https://www.taxtmi.com/caselaws?id=257080 The Court held that the assessment order for A.Y. 1998-1999 was invalid as no notice was issued under Section 143(2) of the I.T. Act, emphasizing the mandatory nature of such notice for scrutiny assessment. The Court ruled in favor of the Assessee, stating that since the first issue was decided in their favor, the assessment proceedings could not be maintained. Consequently, the Court allowed the appeal in favor of the Assessee, modifying the judgment with no order as to costs. en-us Wed, 04 Feb 2015 00:00:00 +0530 Mon, 02 Mar 2015 09:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257080 The Court held that the assessment order for A.Y. 1998-1999 was invalid as no notice was issued under Section 143(2) of the I.T. Act, emphasizing the mandatory nature of such notice for scrutiny assessment. The Court ruled in favor of the Assessee, stating that since the first issue was decided in their favor, the assessment proceedings could not be maintained. Consequently, the Court allowed the appeal in favor of the Assessee, modifying the judgment with no order as to costs. Case-Laws Income Tax Wed, 04 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257080