https://www.taxtmi.com/caselaws?id=420194 The Appellate Tribunal overturned the reassessment order due to the absence of a notice under section 148 of the Income-tax Act, 1961. Despite the CIT(A)'s reliance on section 292BB, the Tribunal emphasized that the lack of issuance of the mandatory notice rendered the reassessment invalid. Participation in proceedings was deemed insufficient to validate the assessment without proper notice. The Tribunal's decision underscored the significance of complying with procedural requirements in tax assessments, leading to the allowance of the appeal and setting aside of the impugned order. en-us Mon, 07 Mar 2022 00:00:00 +0530 Tue, 29 Mar 2022 08:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420194 The Appellate Tribunal overturned the reassessment order due to the absence of a notice under section 148 of the Income-tax Act, 1961. Despite the CIT(A)'s reliance on section 292BB, the Tribunal emphasized that the lack of issuance of the mandatory notice rendered the reassessment invalid. Participation in proceedings was deemed insufficient to validate the assessment without proper notice. The Tribunal's decision underscored the significance of complying with procedural requirements in tax assessments, leading to the allowance of the appeal and setting aside of the impugned order. Case-Laws Income Tax Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420194