https://www.taxtmi.com/caselaws?id=352465 An incorrect assessment year in a section 143(2) notice did not invalidate reassessment where the notice was issued and served within limitation, the assessee participated in the proceedings, and no timely objection was raised before the Assessing Officer or the first appellate authority. The defect was treated as inadvertent and non-fatal because the assessee was sufficiently put to notice in substance. The investment in purchase of immovable property was also treated as unexplained because the registered sale deed recorded cash payment and the assessee failed to produce credible contrary evidence; later affidavits were regarded as an afterthought and could not displace the registered document. The appellate challenge failed on both grounds. en-us Fri, 05 May 2017 00:00:00 +0530 Fri, 15 Dec 2017 08:38:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352465 An incorrect assessment year in a section 143(2) notice did not invalidate reassessment where the notice was issued and served within limitation, the assessee participated in the proceedings, and no timely objection was raised before the Assessing Officer or the first appellate authority. The defect was treated as inadvertent and non-fatal because the assessee was sufficiently put to notice in substance. The investment in purchase of immovable property was also treated as unexplained because the registered sale deed recorded cash payment and the assessee failed to produce credible contrary evidence; later affidavits were regarded as an afterthought and could not displace the registered document. The appellate challenge failed on both grounds. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352465