https://www.taxtmi.com/caselaws?id=282597 The appeal challenged the assessment proceedings under Section 143(3) of the Income Tax Act, 1961, concerning additions made to the individual's brokerage business income. The Commissioner partially deleted certain additions, prompting further appeals. The Tribunal upheld the Assessee's cross-objection, annulling the assessment due to the absence of a notice under Section 143(2), emphasizing its mandatory nature. Citing legal precedent, the Tribunal deemed the lack of notice incurable and invalidated the assessment. The decision underscores the necessity of adhering to procedural requirements for maintaining the Assessment Officer's jurisdiction and the legality of assessment proceedings. The appeal was dismissed, emphasizing established legal principles. en-us Fri, 27 Apr 2018 00:00:00 +0530 Wed, 14 Aug 2019 06:53:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282597 The appeal challenged the assessment proceedings under Section 143(3) of the Income Tax Act, 1961, concerning additions made to the individual's brokerage business income. The Commissioner partially deleted certain additions, prompting further appeals. The Tribunal upheld the Assessee's cross-objection, annulling the assessment due to the absence of a notice under Section 143(2), emphasizing its mandatory nature. Citing legal precedent, the Tribunal deemed the lack of notice incurable and invalidated the assessment. The decision underscores the necessity of adhering to procedural requirements for maintaining the Assessment Officer's jurisdiction and the legality of assessment proceedings. The appeal was dismissed, emphasizing established legal principles. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282597