https://www.taxtmi.com/caselaws?id=306848 The reassessment proceedings initiated under Section 147 of the Income Tax Act were found to be invalid as the notice under Section 148 was not issued within the prescribed period and lacked specific details of non-disclosure by the assessee. The Tribunal quashed the reassessment proceedings, notice under Section 148, and the consequent reassessment order dated 30.12.2016, holding them invalid and without jurisdiction. The Revenue's appeal was dismissed, and the Cross Objection by the assessee was allowed. en-us Tue, 20 Sep 2022 00:00:00 +0530 Thu, 02 Mar 2023 08:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306848 The reassessment proceedings initiated under Section 147 of the Income Tax Act were found to be invalid as the notice under Section 148 was not issued within the prescribed period and lacked specific details of non-disclosure by the assessee. The Tribunal quashed the reassessment proceedings, notice under Section 148, and the consequent reassessment order dated 30.12.2016, holding them invalid and without jurisdiction. The Revenue's appeal was dismissed, and the Cross Objection by the assessee was allowed. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306848