https://www.taxtmi.com/caselaws?id=431093 The Tribunal quashed the assessment order as void-ab-initio due to the delayed notice issuance under Section 143(2) of the Income Tax Act, 1961, which was found to be beyond the statutory time limit. Citing the mandatory nature of timely notice under Section 143(2), the Tribunal allowed the Cross Objection filed by the assessee, leading to the dismissal of the Revenue's appeal as infructuous. The final decision favored the assessee, with the assessment proceeding being deemed illegal. en-us Thu, 29 Sep 2022 00:00:00 +0530 Mon, 05 Dec 2022 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431093 The Tribunal quashed the assessment order as void-ab-initio due to the delayed notice issuance under Section 143(2) of the Income Tax Act, 1961, which was found to be beyond the statutory time limit. Citing the mandatory nature of timely notice under Section 143(2), the Tribunal allowed the Cross Objection filed by the assessee, leading to the dismissal of the Revenue's appeal as infructuous. The final decision favored the assessee, with the assessment proceeding being deemed illegal. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431093