https://www.taxtmi.com/caselaws?id=311444 The Tribunal quashed the reassessment proceedings under sections 147/148 of the Income-tax Act, 1961, due to the absence of a mandatory notice under section 143(2). The Tribunal cited legal precedents, including Sheela Chopra vs. ITO and ACIT vs. Hotel Blue Moon, emphasizing the necessity of such notice. Consequently, the reassessment was deemed without jurisdiction. The assessee's Cross Objection was allowed, leading to the dismissal of the revenue's appeal as infructuous. The decision was pronounced in open court on 31.07.2012. en-us Tue, 31 Jul 2012 00:00:00 +0530 Tue, 26 Dec 2023 15:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311444 The Tribunal quashed the reassessment proceedings under sections 147/148 of the Income-tax Act, 1961, due to the absence of a mandatory notice under section 143(2). The Tribunal cited legal precedents, including Sheela Chopra vs. ITO and ACIT vs. Hotel Blue Moon, emphasizing the necessity of such notice. Consequently, the reassessment was deemed without jurisdiction. The assessee's Cross Objection was allowed, leading to the dismissal of the revenue's appeal as infructuous. The decision was pronounced in open court on 31.07.2012. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311444