https://www.taxtmi.com/caselaws?id=412503 The Tribunal allowed the appeals filed by the assessees due to the absence of notice u/s. 143(2) in the reassessment proceedings, rendering the assessment orders legally unsustainable. The judgment emphasized the mandatory requirement of issuing such notice before finalizing reassessment orders, as established by legal precedents. Consequently, the assessment orders were set aside, and the appeals were allowed on this basis, without addressing other arguments challenging the validity of the assessment or additions made on merits. en-us Fri, 27 Aug 2021 00:00:00 +0530 Mon, 20 Sep 2021 09:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412503 The Tribunal allowed the appeals filed by the assessees due to the absence of notice u/s. 143(2) in the reassessment proceedings, rendering the assessment orders legally unsustainable. The judgment emphasized the mandatory requirement of issuing such notice before finalizing reassessment orders, as established by legal precedents. Consequently, the assessment orders were set aside, and the appeals were allowed on this basis, without addressing other arguments challenging the validity of the assessment or additions made on merits. Case-Laws Income Tax Fri, 27 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412503