https://www.taxtmi.com/caselaws?id=264040 The Tribunal held that the notice issued under section 148 was invalid due to jurisdictional issues, leading to the quashing of the assessment and deletion of the additions made. The reassessment framed based on the invalid notice was also deemed invalid, emphasizing that jurisdiction for reassessment can only be assumed through a valid notice. Compliance with other notices and issues such as unexplained credits in bank accounts were secondary to the primary concern of jurisdictional errors. The penalty under section 271(1)(b) was set aside due to the invalid assessment, resulting in its deletion. en-us Thu, 16 Apr 2015 00:00:00 +0530 Wed, 16 Sep 2015 06:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264040 The Tribunal held that the notice issued under section 148 was invalid due to jurisdictional issues, leading to the quashing of the assessment and deletion of the additions made. The reassessment framed based on the invalid notice was also deemed invalid, emphasizing that jurisdiction for reassessment can only be assumed through a valid notice. Compliance with other notices and issues such as unexplained credits in bank accounts were secondary to the primary concern of jurisdictional errors. The penalty under section 271(1)(b) was set aside due to the invalid assessment, resulting in its deletion. Case-Laws Income Tax Thu, 16 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264040