https://www.taxtmi.com/caselaws?id=288036 The Tribunal dismissed the Revenue's appeals, upholding the CIT(Appeals)'s decision that the reassessment was invalid due to the non-issuance of mandatory statutory notices under sections 143(2) and 142(1) of the Income Tax Act. The Tribunal emphasized the significance of complying with procedural requirements for valid reassessment, citing previous court decisions that highlighted the essential nature of issuing such notices. This case underscores the importance of adhering to statutory mandates in tax assessments to ensure the legitimacy of reassessment proceedings. en-us Fri, 26 Sep 2014 00:00:00 +0530 Fri, 15 May 2020 09:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288036 The Tribunal dismissed the Revenue's appeals, upholding the CIT(Appeals)'s decision that the reassessment was invalid due to the non-issuance of mandatory statutory notices under sections 143(2) and 142(1) of the Income Tax Act. The Tribunal emphasized the significance of complying with procedural requirements for valid reassessment, citing previous court decisions that highlighted the essential nature of issuing such notices. This case underscores the importance of adhering to statutory mandates in tax assessments to ensure the legitimacy of reassessment proceedings. Case-Laws Income Tax Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288036