https://www.taxtmi.com/caselaws?id=281992 The Tribunal dismissed the Revenue's appeal, upholding the quashing of the assessment due to the lack of jurisdiction in issuing the notice under section 148 of the Income Tax Act, 1961. The Tribunal emphasized that the notice was void ab initio as it was issued without the necessary approval from the Commissioner of Income Tax. Consequently, the Tribunal did not address the substantive grounds related to the addition of Rs. 43,09,98,411 on account of bogus purchases, focusing solely on the jurisdictional flaw in the notice issuance process. en-us Wed, 14 Nov 2018 00:00:00 +0530 Wed, 17 Jul 2019 07:48:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281992 The Tribunal dismissed the Revenue's appeal, upholding the quashing of the assessment due to the lack of jurisdiction in issuing the notice under section 148 of the Income Tax Act, 1961. The Tribunal emphasized that the notice was void ab initio as it was issued without the necessary approval from the Commissioner of Income Tax. Consequently, the Tribunal did not address the substantive grounds related to the addition of Rs. 43,09,98,411 on account of bogus purchases, focusing solely on the jurisdictional flaw in the notice issuance process. Case-Laws Income Tax Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281992