https://www.taxtmi.com/caselaws?id=396632 The Tribunal concluded that the second notice issued under section 148 of the Income-tax Act, 1961, was premature and lacked jurisdiction, resulting in the quashing of the reassessment order. Consequently, the revenue's appeal was dismissed, and the assessee's cross objection was allowed. The decision underscored the necessity of completing reassessment proceedings before issuing additional notices under section 148, reinforcing adherence to due process. en-us Fri, 29 May 2020 00:00:00 +0530 Fri, 08 Nov 2024 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396632 The Tribunal concluded that the second notice issued under section 148 of the Income-tax Act, 1961, was premature and lacked jurisdiction, resulting in the quashing of the reassessment order. Consequently, the revenue's appeal was dismissed, and the assessee's cross objection was allowed. The decision underscored the necessity of completing reassessment proceedings before issuing additional notices under section 148, reinforcing adherence to due process. Case-Laws Income Tax Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396632