https://www.taxtmi.com/caselaws?id=300800 The court held that the notice issued under section 148 was invalid as the regular assessment could have been framed under section 143(3) instead. Relying on precedents, the court emphasized that reassessment cannot be initiated while regular assessment proceedings are pending. The Tribunal's decision upholding the notice under section 148 was overturned, ruling in favor of the assessee. The court did not delve into the second issue regarding the applicability of section 145 as the appellant did not press this issue. en-us Wed, 03 May 2017 00:00:00 +0530 Fri, 25 Feb 2022 08:33:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300800 The court held that the notice issued under section 148 was invalid as the regular assessment could have been framed under section 143(3) instead. Relying on precedents, the court emphasized that reassessment cannot be initiated while regular assessment proceedings are pending. The Tribunal's decision upholding the notice under section 148 was overturned, ruling in favor of the assessee. The court did not delve into the second issue regarding the applicability of section 145 as the appellant did not press this issue. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300800