https://www.taxtmi.com/caselaws?id=389794 The Tribunal allowed the appeal of the assessee, holding that the assessment order framed under Section 143(3) without a valid notice under Section 143(2) served within the prescribed time was not sustainable. The Tribunal found the notice defective due to lack of evidence of timely issuance. Consequently, the assessment order was deemed invalid and quashed. The issue of adding Rs. 10 lakhs on account of decline in Gross Profit was not addressed as the case was resolved on the technical ground of the defective notice. The appeal was partly allowed in favor of the assessee. en-us Fri, 06 Dec 2019 00:00:00 +0530 Tue, 17 Dec 2019 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389794 The Tribunal allowed the appeal of the assessee, holding that the assessment order framed under Section 143(3) without a valid notice under Section 143(2) served within the prescribed time was not sustainable. The Tribunal found the notice defective due to lack of evidence of timely issuance. Consequently, the assessment order was deemed invalid and quashed. The issue of adding Rs. 10 lakhs on account of decline in Gross Profit was not addressed as the case was resolved on the technical ground of the defective notice. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389794