https://www.taxtmi.com/caselaws?id=375437 The Tribunal ruled in favor of the appellant, setting aside the reassessment proceedings due to the absence of proper service of notice under section 148. Failure to serve the notice rendered the proceedings invalid, emphasizing the mandatory nature of proper notice service for jurisdictional validity. The appellant's contentions regarding the initiation of proceedings, compliance with statutory provisions, confirmation of profit rate, and interest charges were considered, leading to the decision to quash the proceedings based on the jurisdictional flaw in notice service. en-us Tue, 22 Jan 2019 00:00:00 +0530 Tue, 19 Feb 2019 07:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375437 The Tribunal ruled in favor of the appellant, setting aside the reassessment proceedings due to the absence of proper service of notice under section 148. Failure to serve the notice rendered the proceedings invalid, emphasizing the mandatory nature of proper notice service for jurisdictional validity. The appellant's contentions regarding the initiation of proceedings, compliance with statutory provisions, confirmation of profit rate, and interest charges were considered, leading to the decision to quash the proceedings based on the jurisdictional flaw in notice service. Case-Laws Income Tax Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375437