https://www.taxtmi.com/caselaws?id=31788 The High Court ruled in favor of the assessee, affirming the Tribunal's decision on the validity of the notice under section 143(2) of the Income-tax Act, 1961. The court distinguished between defective and invalid returns, emphasizing that a defective return can be rectified within a specified period to retain its validity. The court held that the return in question was defective but not invalid, rendering the notice issued after the specified period void ab initio. The judgment highlighted the significance of timely rectification of defects to uphold the validity of returns. en-us Tue, 31 Jul 2007 00:00:00 +0530 Wed, 10 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31788 The High Court ruled in favor of the assessee, affirming the Tribunal's decision on the validity of the notice under section 143(2) of the Income-tax Act, 1961. The court distinguished between defective and invalid returns, emphasizing that a defective return can be rectified within a specified period to retain its validity. The court held that the return in question was defective but not invalid, rendering the notice issued after the specified period void ab initio. The judgment highlighted the significance of timely rectification of defects to uphold the validity of returns. Case-Laws Income Tax Tue, 31 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31788