https://www.taxtmi.com/caselaws?id=395021 The Tribunal quashed the assessment due to the invalid issuance of notice under Section 143(2) by the Assessing Officer with proper jurisdiction. Consequently, the Revenue's appeal was dismissed, and the assessee's cross-objection was allowed. The Tribunal did not address the specific grounds raised by the Revenue, including the deletion of expenses, addition of suppressed value, disallowance of unsecured loan, and addition towards increase in capital, as the assessment was deemed invalid. The decision was pronounced on April 27, 2020. en-us Mon, 27 Apr 2020 00:00:00 +0530 Sat, 02 May 2020 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395021 The Tribunal quashed the assessment due to the invalid issuance of notice under Section 143(2) by the Assessing Officer with proper jurisdiction. Consequently, the Revenue's appeal was dismissed, and the assessee's cross-objection was allowed. The Tribunal did not address the specific grounds raised by the Revenue, including the deletion of expenses, addition of suppressed value, disallowance of unsecured loan, and addition towards increase in capital, as the assessment was deemed invalid. The decision was pronounced on April 27, 2020. Case-Laws Income Tax Mon, 27 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395021