https://www.taxtmi.com/caselaws?id=327182 The Tribunal quashed the reassessment proceedings due to the invalidity of reopening the assessment under Section 147 of the Income Tax Act. The notice under Section 148 was deemed invalid as it was not issued by the jurisdictional Assessing Officer and was not properly served. Additionally, the absence of an effective notice under Section 143(2) rendered the assessment order invalid. The Tribunal also found issues with the admission of evidence and additions based on third-party statements without cross-examination. As a result, the appeal by the assessee was allowed, and the other issues raised were not adjudicated upon. en-us Tue, 12 Apr 2016 00:00:00 +0530 Fri, 24 Jun 2016 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327182 The Tribunal quashed the reassessment proceedings due to the invalidity of reopening the assessment under Section 147 of the Income Tax Act. The notice under Section 148 was deemed invalid as it was not issued by the jurisdictional Assessing Officer and was not properly served. Additionally, the absence of an effective notice under Section 143(2) rendered the assessment order invalid. The Tribunal also found issues with the admission of evidence and additions based on third-party statements without cross-examination. As a result, the appeal by the assessee was allowed, and the other issues raised were not adjudicated upon. Case-Laws Income Tax Tue, 12 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327182