https://www.taxtmi.com/caselaws?id=413596 The Tribunal found that the assessment completed without issuing a notice under section 143(2) was invalid, directing further consideration by the CIT(A). Emphasizing adherence to legal procedures, the Tribunal granted the assessee an opportunity to substantiate their case for a valid assessment. The reassessment proceedings initiated under section 147 were challenged, leading the Tribunal to instruct the CIT(A) to allow the assessee a final opportunity to present their case fairly. Concerns regarding the mechanical satisfaction under section 151 were raised, prompting the Tribunal to stress the need for a proper assessment process. The addition made under section 68 for unexplained credits was deemed unjustified, leading to a direction for reevaluation by the CIT(A). en-us Thu, 09 Sep 2021 00:00:00 +0530 Sat, 16 Oct 2021 09:05:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413596 The Tribunal found that the assessment completed without issuing a notice under section 143(2) was invalid, directing further consideration by the CIT(A). Emphasizing adherence to legal procedures, the Tribunal granted the assessee an opportunity to substantiate their case for a valid assessment. The reassessment proceedings initiated under section 147 were challenged, leading the Tribunal to instruct the CIT(A) to allow the assessee a final opportunity to present their case fairly. Concerns regarding the mechanical satisfaction under section 151 were raised, prompting the Tribunal to stress the need for a proper assessment process. The addition made under section 68 for unexplained credits was deemed unjustified, leading to a direction for reevaluation by the CIT(A). Case-Laws Income Tax Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413596