https://www.taxtmi.com/caselaws?id=362645 The Supreme Court quashed reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961 as no notice under Section 143(2) was issued, emphasizing the mandatory nature of such notice. The Court clarified that Section 292BB does not exempt the issuance of mandated notices and ruled that the absence of a Section 143(2) notice vitiates the reassessment proceedings. The judgment underscored the importance of adhering to statutory notice requirements and highlighted the limited scope of Section 292BB in rectifying notice service defects, ultimately upholding the necessity of issuing a Section 143(2) notice during reassessment proceedings. en-us Fri, 22 Jun 2018 00:00:00 +0530 Wed, 03 Jun 2026 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362645 The Supreme Court quashed reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961 as no notice under Section 143(2) was issued, emphasizing the mandatory nature of such notice. The Court clarified that Section 292BB does not exempt the issuance of mandated notices and ruled that the absence of a Section 143(2) notice vitiates the reassessment proceedings. The judgment underscored the importance of adhering to statutory notice requirements and highlighted the limited scope of Section 292BB in rectifying notice service defects, ultimately upholding the necessity of issuing a Section 143(2) notice during reassessment proceedings. Case-Laws Income Tax Fri, 22 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362645