https://www.taxtmi.com/caselaws?id=337815 The Tribunal ruled in favor of the Assessee, finding the notice u/s.143(2) of the Income Tax Act, 1961, served beyond the prescribed time limit, invalidating the reassessment proceedings for the assessment year 2005-06. The reassessment order was annulled, rendering the determination of total income ineffective. The Assessee's appeal was allowed based on the untimely service of the notice u/s.143(2), following the law applicable at the time of return filing rather than during assessment proceedings. en-us Wed, 19 Oct 2016 00:00:00 +0530 Wed, 18 Jan 2017 08:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337815 The Tribunal ruled in favor of the Assessee, finding the notice u/s.143(2) of the Income Tax Act, 1961, served beyond the prescribed time limit, invalidating the reassessment proceedings for the assessment year 2005-06. The reassessment order was annulled, rendering the determination of total income ineffective. The Assessee's appeal was allowed based on the untimely service of the notice u/s.143(2), following the law applicable at the time of return filing rather than during assessment proceedings. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337815