https://www.taxtmi.com/caselaws?id=414724 The High Court upheld the Tribunal's decision to quash the assessment order due to the late issuance of the notice under Section 143(2) of the Income Tax Act, 1961. The Court held that the delay in issuing the notice beyond the prescribed period of limitation rendered the assessment order invalid. It concluded that the jurisdictional defect of not issuing the notice within the statutory period cannot be cured under Section 292BB of the Act. The Court ruled in favor of the assessee, dismissing the appeal brought by the Revenue. en-us Tue, 05 Oct 2021 00:00:00 +0530 Thu, 23 Jun 2022 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414724 The High Court upheld the Tribunal's decision to quash the assessment order due to the late issuance of the notice under Section 143(2) of the Income Tax Act, 1961. The Court held that the delay in issuing the notice beyond the prescribed period of limitation rendered the assessment order invalid. It concluded that the jurisdictional defect of not issuing the notice within the statutory period cannot be cured under Section 292BB of the Act. The Court ruled in favor of the assessee, dismissing the appeal brought by the Revenue. Case-Laws Income Tax Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414724