https://www.taxtmi.com/caselaws?id=178952 The High Court of Bombay dismissed the appeal challenging the validity of an assessment under section 143(3) of the Income Tax Act, 1961 due to a jurisdictional defect in serving notice under section 143(2). The court held that the defect in serving the notice rendered the assessment invalid, ruling in favor of the assessee against the revenue. Additionally, the court found that the new provision introduced by the Finance Act, 2008 (section 292BB) was not applicable to the assessment year in question, thereby rejecting the revenue's argument based on this provision. en-us Thu, 07 Jan 2010 00:00:00 +0530 Tue, 16 Feb 2016 18:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178952 The High Court of Bombay dismissed the appeal challenging the validity of an assessment under section 143(3) of the Income Tax Act, 1961 due to a jurisdictional defect in serving notice under section 143(2). The court held that the defect in serving the notice rendered the assessment invalid, ruling in favor of the assessee against the revenue. Additionally, the court found that the new provision introduced by the Finance Act, 2008 (section 292BB) was not applicable to the assessment year in question, thereby rejecting the revenue's argument based on this provision. Case-Laws Income Tax Thu, 07 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178952