https://www.taxtmi.com/caselaws?id=260061 The Court upheld the validity of an assessment under Section 143(3) of the Income Tax Act without prior approval, as the original assessment was cancelled by the Commissioner under Section 263. It was ruled that in such cases, the Assessing Officer can proceed with reassessment without prior approval, as the initial assessment ceased to operate. The decision favored the Revenue, emphasizing the procedural implications of assessments being set aside or revised by higher authorities, clarifying the significance of prior approval for issuing notices under different subsections of Section 143. en-us Tue, 17 Mar 2015 00:00:00 +0530 Wed, 04 May 2016 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260061 The Court upheld the validity of an assessment under Section 143(3) of the Income Tax Act without prior approval, as the original assessment was cancelled by the Commissioner under Section 263. It was ruled that in such cases, the Assessing Officer can proceed with reassessment without prior approval, as the initial assessment ceased to operate. The decision favored the Revenue, emphasizing the procedural implications of assessments being set aside or revised by higher authorities, clarifying the significance of prior approval for issuing notices under different subsections of Section 143. Case-Laws Income Tax Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260061