https://www.taxtmi.com/caselaws?id=405001 The High Court of Madras, in a judgment by Honourable Dr. Justice Anita Sumanth, addressed a challenge to a re-assessment order under Section 143(3) read with Section 147 of the Income Tax Act, 1961. The Court found that the Assessing Authority failed to follow the prescribed procedure by not promptly furnishing reasons and issuing a notice under Section 143(2) without allowing the petitioner to challenge the assumption of jurisdiction under Section 147. Due to these procedural lapses, the High Court annulled the assessment order, granted the writ petition, and closed the connected Miscellaneous Petitions without awarding costs. en-us Mon, 15 Feb 2021 00:00:00 +0530 Tue, 09 Mar 2021 08:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405001 The High Court of Madras, in a judgment by Honourable Dr. Justice Anita Sumanth, addressed a challenge to a re-assessment order under Section 143(3) read with Section 147 of the Income Tax Act, 1961. The Court found that the Assessing Authority failed to follow the prescribed procedure by not promptly furnishing reasons and issuing a notice under Section 143(2) without allowing the petitioner to challenge the assumption of jurisdiction under Section 147. Due to these procedural lapses, the High Court annulled the assessment order, granted the writ petition, and closed the connected Miscellaneous Petitions without awarding costs. Case-Laws Income Tax Mon, 15 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405001