https://www.taxtmi.com/caselaws?id=408347 The Appellate Tribunal at Indore ruled in favor of the assessee, quashing the assessment order due to the invalidity of the notice served under section 143(2) of the Income Tax Act. The Tribunal found that the notice was not served within the specified period as mandated by the Act, leading to the conclusion that the service of notice was not valid. Consequently, the entire proceeding was deemed vitiated, resulting in the deletion of the impugned addition made by the Revenue under section 68 and Rule 8D on exempted income. en-us Thu, 20 May 2021 00:00:00 +0530 Tue, 08 Jun 2021 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408347 The Appellate Tribunal at Indore ruled in favor of the assessee, quashing the assessment order due to the invalidity of the notice served under section 143(2) of the Income Tax Act. The Tribunal found that the notice was not served within the specified period as mandated by the Act, leading to the conclusion that the service of notice was not valid. Consequently, the entire proceeding was deemed vitiated, resulting in the deletion of the impugned addition made by the Revenue under section 68 and Rule 8D on exempted income. Case-Laws Income Tax Thu, 20 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408347