https://www.taxtmi.com/caselaws?id=273020 The High Court dismissed the cases challenging the validity of reassessments for the assessment years 1975-76 and 1976-77 under the Income-tax Act, 1961. It upheld the Tribunal's decisions that the notices under section 148 were not validly served, rendering the reassessments invalid and without jurisdiction. The Court emphasized the importance of proper reasons for reopening assessment proceedings and affirmed the Tribunal's findings, stating that the absence of valid notice service was crucial. Additionally, the Court approved the Tribunal's decision to entertain an additional ground of objection at the second appeal stage, highlighting the party's right to contest fundamental issues. en-us Wed, 18 Sep 1996 00:00:00 +0530 Thu, 31 May 2018 11:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273020 The High Court dismissed the cases challenging the validity of reassessments for the assessment years 1975-76 and 1976-77 under the Income-tax Act, 1961. It upheld the Tribunal's decisions that the notices under section 148 were not validly served, rendering the reassessments invalid and without jurisdiction. The Court emphasized the importance of proper reasons for reopening assessment proceedings and affirmed the Tribunal's findings, stating that the absence of valid notice service was crucial. Additionally, the Court approved the Tribunal's decision to entertain an additional ground of objection at the second appeal stage, highlighting the party's right to contest fundamental issues. Case-Laws Income Tax Wed, 18 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273020