https://www.taxtmi.com/caselaws?id=416413 The Tribunal allowed the appeal of the assessee by quashing the entire assessment order due to the non-issuance of a valid notice under Section 143(2) of the Income Tax Act, 1961. Additionally, the Tribunal found the protective assessment of Rs. 176.11 crores towards unexplained investments and the addition of Rs. 6.50 crores towards undisclosed income to be unsustainable, leading to the dismissal of these additions. The Tribunal did not delve into the merits of the other grounds raised by the assessee, as the assessment order was invalidated on legal grounds. en-us Thu, 23 Dec 2021 00:00:00 +0530 Tue, 28 Dec 2021 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416413 The Tribunal allowed the appeal of the assessee by quashing the entire assessment order due to the non-issuance of a valid notice under Section 143(2) of the Income Tax Act, 1961. Additionally, the Tribunal found the protective assessment of Rs. 176.11 crores towards unexplained investments and the addition of Rs. 6.50 crores towards undisclosed income to be unsustainable, leading to the dismissal of these additions. The Tribunal did not delve into the merits of the other grounds raised by the assessee, as the assessment order was invalidated on legal grounds. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416413