https://www.taxtmi.com/caselaws?id=439553 The Tribunal allowed the corporation's appeal, declaring the reassessment proceedings void ab-initio due to the premature issuance of the reopening notice by the Assessing Officer. The Tribunal found the notice under section 148 was premature as it was issued before the due date for filing the belated return under section 139(4) of the Income Tax Act, 1961. The decision was based on established legal precedents and rulings, leading to the quashing of the reassessment proceedings. en-us Fri, 23 Jun 2023 00:00:00 +0530 Mon, 18 Sep 2023 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439553 The Tribunal allowed the corporation's appeal, declaring the reassessment proceedings void ab-initio due to the premature issuance of the reopening notice by the Assessing Officer. The Tribunal found the notice under section 148 was premature as it was issued before the due date for filing the belated return under section 139(4) of the Income Tax Act, 1961. The decision was based on established legal precedents and rulings, leading to the quashing of the reassessment proceedings. Case-Laws Income Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439553