https://www.taxtmi.com/caselaws?id=275131 The assessment order was deemed invalid due to the late issuance of the notice under section 143(2). Consequently, all subsequent proceedings, including the treatment of income from the sale of land and shops, verification of capital loss, inclusion of NSC interest, verification of expenses, and treatment of marriage expenses, were deemed inconsequential. The Tribunal quashed the revisional order under section 263 and allowed the assessee's appeal, emphasizing that revising an invalid assessment order would prejudice the assessee's rights and extend the statutory limitation period impermissibly. en-us Tue, 29 Sep 2015 00:00:00 +0530 Thu, 20 Sep 2018 06:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275131 The assessment order was deemed invalid due to the late issuance of the notice under section 143(2). Consequently, all subsequent proceedings, including the treatment of income from the sale of land and shops, verification of capital loss, inclusion of NSC interest, verification of expenses, and treatment of marriage expenses, were deemed inconsequential. The Tribunal quashed the revisional order under section 263 and allowed the assessee's appeal, emphasizing that revising an invalid assessment order would prejudice the assessee's rights and extend the statutory limitation period impermissibly. Case-Laws Income Tax Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275131