https://www.taxtmi.com/caselaws?id=402642 The Tribunal allowed the quantum and penalty appeals, quashing the reassessment proceedings due to non-issuance of mandatory notice under section 143(2) and mechanical approval under section 151. The penalty under section 271(1)(c) was deleted as it was based on the invalid assessment order. The Tribunal's decision aligned with Supreme Court precedents, leading to a favorable outcome for the assessee. en-us Thu, 07 Jan 2021 00:00:00 +0530 Fri, 08 Jan 2021 10:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402642 The Tribunal allowed the quantum and penalty appeals, quashing the reassessment proceedings due to non-issuance of mandatory notice under section 143(2) and mechanical approval under section 151. The penalty under section 271(1)(c) was deleted as it was based on the invalid assessment order. The Tribunal's decision aligned with Supreme Court precedents, leading to a favorable outcome for the assessee. Case-Laws Income Tax Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402642