https://www.taxtmi.com/caselaws?id=328039 The tribunal allowed the appeal in part, ruling in favor of the assessee on the validity of reassessment proceedings due to the non-service of the statutory notice u/s 148 of the Income Tax Act. The tribunal held that the non-service of the notice rendered the reassessment proceedings void ab initio, following jurisdictional requirements. Consequently, the challenge to the addition of Rs. 20 lacs made by the Assessing Officer under section 68 of the Act became irrelevant and was not separately adjudicated upon. en-us Fri, 29 Apr 2016 00:00:00 +0530 Wed, 25 May 2016 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328039 The tribunal allowed the appeal in part, ruling in favor of the assessee on the validity of reassessment proceedings due to the non-service of the statutory notice u/s 148 of the Income Tax Act. The tribunal held that the non-service of the notice rendered the reassessment proceedings void ab initio, following jurisdictional requirements. Consequently, the challenge to the addition of Rs. 20 lacs made by the Assessing Officer under section 68 of the Act became irrelevant and was not separately adjudicated upon. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328039