https://www.taxtmi.com/caselaws?id=398072 The Tribunal upheld the decision to quash reassessment proceedings due to the Assessing Officer's failure to comply with the mandatory requirement of recording reasons before issuing the notice under Section 148 of the Income-tax Act. The procedural lapse of issuing the notice before recording reasons was deemed a jurisdictional defect, rendering the reassessment invalid. The Tribunal emphasized the importance of adhering to procedural requirements for reassessment, citing relevant case law. The revenue's appeal was dismissed, affirming the quashing of the reassessment order. en-us Tue, 01 Sep 2020 00:00:00 +0530 Sat, 05 Sep 2020 22:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398072 The Tribunal upheld the decision to quash reassessment proceedings due to the Assessing Officer's failure to comply with the mandatory requirement of recording reasons before issuing the notice under Section 148 of the Income-tax Act. The procedural lapse of issuing the notice before recording reasons was deemed a jurisdictional defect, rendering the reassessment invalid. The Tribunal emphasized the importance of adhering to procedural requirements for reassessment, citing relevant case law. The revenue's appeal was dismissed, affirming the quashing of the reassessment order. Case-Laws Income Tax Tue, 01 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398072