https://www.taxtmi.com/caselaws?id=381637 The High Court of Bombay dismissed the appeal challenging the quashing of proceedings initiated under section 147 without proper notice under section 148. The Court emphasized that the Assessing Officer should have used rectification powers under section 154 instead of reopening the assessment, as there was no significant variance in income computation under MAT provisions between the original assessment and the reassessment. The Court found the reassessment proceedings unnecessary and highlighted the availability of rectification powers as a more suitable remedy. en-us Fri, 07 Jun 2019 00:00:00 +0530 Sat, 15 Jun 2019 07:51:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381637 The High Court of Bombay dismissed the appeal challenging the quashing of proceedings initiated under section 147 without proper notice under section 148. The Court emphasized that the Assessing Officer should have used rectification powers under section 154 instead of reopening the assessment, as there was no significant variance in income computation under MAT provisions between the original assessment and the reassessment. The Court found the reassessment proceedings unnecessary and highlighted the availability of rectification powers as a more suitable remedy. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381637