https://www.taxtmi.com/caselaws?id=262344 The Tribunal ruled in favor of the appellant, holding that the assessment order passed under sections 143(3) and 147 of the Income-tax Act was legally flawed. The notice issued under section 148 was deemed void due to non-compliance, and the reassessment proceedings initiated beyond the prescribed period were unlawful. The Tribunal emphasized the importance of valid reasons for reassessment and compliance with statutory time limits. Multiple reassessment attempts without substantial changes were criticized. The Tribunal's decision focused on the legality and validity of the assessment and reassessment proceedings, granting relief to the appellant on key issues raised. en-us Fri, 28 Nov 2014 00:00:00 +0530 Sat, 08 Aug 2015 06:11:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262344 The Tribunal ruled in favor of the appellant, holding that the assessment order passed under sections 143(3) and 147 of the Income-tax Act was legally flawed. The notice issued under section 148 was deemed void due to non-compliance, and the reassessment proceedings initiated beyond the prescribed period were unlawful. The Tribunal emphasized the importance of valid reasons for reassessment and compliance with statutory time limits. Multiple reassessment attempts without substantial changes were criticized. The Tribunal's decision focused on the legality and validity of the assessment and reassessment proceedings, granting relief to the appellant on key issues raised. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262344