https://www.taxtmi.com/caselaws?id=451299 A reassessment notice issued under Section 148 while fresh assessment proceedings pursuant to Section 263 were still pending, and in respect of issues already under revision, was treated as invalid because no escapement of income could be formed until those proceedings culminated in a final order. The accompanying sanction under Section 151 was also invalid. The reassessment notice and supporting sanction were therefore unsustainable, and the matter was disposed of in favour of the assessee. en-us Mon, 18 Mar 2024 00:00:00 +0530 Mon, 09 Jun 2025 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451299 A reassessment notice issued under Section 148 while fresh assessment proceedings pursuant to Section 263 were still pending, and in respect of issues already under revision, was treated as invalid because no escapement of income could be formed until those proceedings culminated in a final order. The accompanying sanction under Section 151 was also invalid. The reassessment notice and supporting sanction were therefore unsustainable, and the matter was disposed of in favour of the assessee. Case-Laws Income Tax Mon, 18 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451299