https://www.taxtmi.com/caselaws?id=441179 The court held that the assessment under Section 158BC of the Income Tax Act requires a notice under Section 143(2) for completion. The absence of this notice cannot be cured by Section 292BB, as it is a mandatory requirement. The Tribunal's decision that the lack of notice was cured by waiver and acquiescence was overturned. Consequently, the assessment was deemed incomplete and set aside, emphasizing the necessity of following procedural requirements for valid assessments. en-us Tue, 25 Jul 2023 00:00:00 +0530 Thu, 11 Jan 2024 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441179 The court held that the assessment under Section 158BC of the Income Tax Act requires a notice under Section 143(2) for completion. The absence of this notice cannot be cured by Section 292BB, as it is a mandatory requirement. The Tribunal's decision that the lack of notice was cured by waiver and acquiescence was overturned. Consequently, the assessment was deemed incomplete and set aside, emphasizing the necessity of following procedural requirements for valid assessments. Case-Laws Income Tax Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441179