https://www.taxtmi.com/caselaws?id=413552 The tribunal upheld the validity of the notice issued under Section 148 of the Income Tax Act, as the Assessing Officer had obtained necessary sanction and credible information justified the reopening of assessment. However, the reassessment order was deemed invalid due to the non-issuance of notice under Section 143(2), following precedents that such omission is fatal and renders the order bad in law. Consequently, the reassessment order was quashed, leading to the dismissal of the Revenue's appeal. en-us Wed, 22 Sep 2021 00:00:00 +0530 Wed, 24 Nov 2021 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413552 The tribunal upheld the validity of the notice issued under Section 148 of the Income Tax Act, as the Assessing Officer had obtained necessary sanction and credible information justified the reopening of assessment. However, the reassessment order was deemed invalid due to the non-issuance of notice under Section 143(2), following precedents that such omission is fatal and renders the order bad in law. Consequently, the reassessment order was quashed, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 22 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413552