https://www.taxtmi.com/caselaws?id=340066 The Tribunal rejected the appellant's contentions on the validity of the assessment based on non-service of notice under section 148, as the notice was deemed served to the last known address as per the PAN database. The Tribunal upheld the invocation of section 148 and section 69A, directing a fresh assessment by the Assessing Officer to verify the sale and purchase of shares, emphasizing adherence to judicial precedents. The matter was remanded for a de novo assessment, allowing the appeal for statistical purposes and granting the appellant a reasonable opportunity to present their case. en-us Wed, 16 Nov 2016 00:00:00 +0530 Wed, 15 Mar 2017 12:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340066 The Tribunal rejected the appellant's contentions on the validity of the assessment based on non-service of notice under section 148, as the notice was deemed served to the last known address as per the PAN database. The Tribunal upheld the invocation of section 148 and section 69A, directing a fresh assessment by the Assessing Officer to verify the sale and purchase of shares, emphasizing adherence to judicial precedents. The matter was remanded for a de novo assessment, allowing the appeal for statistical purposes and granting the appellant a reasonable opportunity to present their case. Case-Laws Income Tax Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340066