https://www.taxtmi.com/caselaws?id=279154 The Tribunal found the notice issued under section 148 invalid as the reasons recorded lacked proper belief of income escapement. The assessment conducted without serving a notice under section 148 was deemed void ab initio due to procedural flaws. The assessment framed under section 144 without proper notice was considered legally flawed. The issue of the assessment order being barred by limitation was not extensively discussed. The addition of bank account deposits as sale proceeds of agriculture land was contested, emphasizing the need for proper justification. The Tribunal partially allowed the appeal regarding additions/disallowances, stressing the importance of adherence to legal principles. en-us Mon, 04 Jun 2018 00:00:00 +0530 Wed, 06 Mar 2019 06:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279154 The Tribunal found the notice issued under section 148 invalid as the reasons recorded lacked proper belief of income escapement. The assessment conducted without serving a notice under section 148 was deemed void ab initio due to procedural flaws. The assessment framed under section 144 without proper notice was considered legally flawed. The issue of the assessment order being barred by limitation was not extensively discussed. The addition of bank account deposits as sale proceeds of agriculture land was contested, emphasizing the need for proper justification. The Tribunal partially allowed the appeal regarding additions/disallowances, stressing the importance of adherence to legal principles. Case-Laws Income Tax Mon, 04 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279154