https://www.taxtmi.com/caselaws?id=436930 HC held that the reopening under section 147 and proposed penalty under section 271(1)(c) cannot proceed without treating the return filed in response to the section 148 notice as valid. The court found the assessee had filed a return and furnished materials, and a misclassification under section 119(2)(b) could be cured under section 292B. The matter is remanded to the assessing officer to treat the return as valid, consider existing material, seek any specific additional information if necessary, and pass fresh orders in accordance with law preferably within three months. en-us Tue, 18 Apr 2023 00:00:00 +0530 Sat, 20 Sep 2025 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436930 HC held that the reopening under section 147 and proposed penalty under section 271(1)(c) cannot proceed without treating the return filed in response to the section 148 notice as valid. The court found the assessee had filed a return and furnished materials, and a misclassification under section 119(2)(b) could be cured under section 292B. The matter is remanded to the assessing officer to treat the return as valid, consider existing material, seek any specific additional information if necessary, and pass fresh orders in accordance with law preferably within three months. Case-Laws Income Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436930