https://www.taxtmi.com/caselaws?id=443288 The Tribunal found the reassessment order under Section 147 r.w.s 143(3) invalid due to the absence of the mandatory notice under Section 143(2), as per the decision in CIT vs. Laxman Das Khandelwal. Consequently, the assessment and additions were quashed. The CIT(A)'s deletion of Rs. 1,51,46,200 was upheld due to the primary procedural lapse. Other grounds raised by both parties were not addressed. The Revenue's appeal was dismissed, and the assessee's Cross Objection was partly allowed based on the non-issuance of the Section 143(2) notice. en-us Mon, 18 Sep 2023 00:00:00 +0530 Wed, 20 Sep 2023 09:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443288 The Tribunal found the reassessment order under Section 147 r.w.s 143(3) invalid due to the absence of the mandatory notice under Section 143(2), as per the decision in CIT vs. Laxman Das Khandelwal. Consequently, the assessment and additions were quashed. The CIT(A)'s deletion of Rs. 1,51,46,200 was upheld due to the primary procedural lapse. Other grounds raised by both parties were not addressed. The Revenue's appeal was dismissed, and the assessee's Cross Objection was partly allowed based on the non-issuance of the Section 143(2) notice. Case-Laws Income Tax Mon, 18 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443288