https://www.taxtmi.com/caselaws?id=260905 The ITAT Lucknow upheld the CIT(A)'s decision to invalidate the assessment due to procedural irregularities and lack of compliance by the assessee. The appeal by the Revenue challenging the assessment's validity was dismissed, emphasizing the necessity of issuing notice u/s 143(2) after the return is filed for a valid assessment, the importance of proper assessment procedures, and the requirement for the assessee to provide proof of sources of income invested. Compliance and providing necessary information during assessments were highlighted as crucial aspects in this case. en-us Fri, 06 Feb 2015 00:00:00 +0530 Wed, 18 Feb 2015 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260905 The ITAT Lucknow upheld the CIT(A)'s decision to invalidate the assessment due to procedural irregularities and lack of compliance by the assessee. The appeal by the Revenue challenging the assessment's validity was dismissed, emphasizing the necessity of issuing notice u/s 143(2) after the return is filed for a valid assessment, the importance of proper assessment procedures, and the requirement for the assessee to provide proof of sources of income invested. Compliance and providing necessary information during assessments were highlighted as crucial aspects in this case. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260905