https://www.taxtmi.com/caselaws?id=283018 The Tribunal found the notice issued under Section 148 of the Income Tax Act to be invalid as it lacked proper recording of reasons and exceeded the time limit without meeting necessary conditions. Consequently, the reassessment was deemed unlawful, leading to the quashing of the reassessment and allowing the appeal of the assessee. The Tribunal pronounced the order on 10.12.2018, holding the reassessment to be without jurisdiction. en-us Mon, 10 Dec 2018 00:00:00 +0530 Tue, 03 Sep 2019 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283018 The Tribunal found the notice issued under Section 148 of the Income Tax Act to be invalid as it lacked proper recording of reasons and exceeded the time limit without meeting necessary conditions. Consequently, the reassessment was deemed unlawful, leading to the quashing of the reassessment and allowing the appeal of the assessee. The Tribunal pronounced the order on 10.12.2018, holding the reassessment to be without jurisdiction. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283018