https://www.taxtmi.com/caselaws?id=396727 The Tribunal held that the notice issued under Section 148 of the Income Tax Act on a deceased individual was invalid. As a result, the subsequent assessment proceedings, including taxing long-term capital gains, were deemed void-ab-initio. Referring to legal precedents, the Tribunal emphasized that proceedings must be initiated against legal heirs, not deceased persons. Therefore, the appeal was allowed, and both the notice and assessment proceedings were quashed. The case underscores the necessity of correctly addressing notices to legal representatives of deceased individuals to maintain the validity of proceedings. en-us Wed, 17 Jun 2020 00:00:00 +0530 Fri, 17 Jul 2020 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396727 The Tribunal held that the notice issued under Section 148 of the Income Tax Act on a deceased individual was invalid. As a result, the subsequent assessment proceedings, including taxing long-term capital gains, were deemed void-ab-initio. Referring to legal precedents, the Tribunal emphasized that proceedings must be initiated against legal heirs, not deceased persons. Therefore, the appeal was allowed, and both the notice and assessment proceedings were quashed. The case underscores the necessity of correctly addressing notices to legal representatives of deceased individuals to maintain the validity of proceedings. Case-Laws Income Tax Wed, 17 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396727