https://www.taxtmi.com/caselaws?id=388015 The Tribunal allowed the appeal in favor of the assessee, declaring the entire assessment void ab initio due to improper notice service for reopening under section 147. The Tribunal emphasized the necessity of valid notice service as a condition to assume jurisdiction for reopening. The addition of &8377;1,95,20,000 as Short Term Capital Gain on property sale was rejected, highlighting the importance of proper notice service for jurisdiction in such cases. The mechanical approval under section 151 was not addressed in detail by the Tribunal. en-us Fri, 27 Sep 2019 00:00:00 +0530 Fri, 13 Dec 2019 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388015 The Tribunal allowed the appeal in favor of the assessee, declaring the entire assessment void ab initio due to improper notice service for reopening under section 147. The Tribunal emphasized the necessity of valid notice service as a condition to assume jurisdiction for reopening. The addition of &8377;1,95,20,000 as Short Term Capital Gain on property sale was rejected, highlighting the importance of proper notice service for jurisdiction in such cases. The mechanical approval under section 151 was not addressed in detail by the Tribunal. Case-Laws Income Tax Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388015