https://www.taxtmi.com/caselaws?id=754047 ITAT Delhi held that reassessment proceedings were invalid due to defective notice under section 148. The AO issued notice dated 29/03/2017 without possessing material to form reasonable belief that income escaped assessment, as relevant information was received only on 30/03/2017. Department's claim of issuing corrected notice on 31/03/2017 was rejected as no such notice was produced and email attachment still contained the original defective notice. Assessment order and CIT(A) order were set aside. en-us Thu, 13 Jun 2024 00:00:00 +0530 Sat, 15 Jun 2024 08:22:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754047 ITAT Delhi held that reassessment proceedings were invalid due to defective notice under section 148. The AO issued notice dated 29/03/2017 without possessing material to form reasonable belief that income escaped assessment, as relevant information was received only on 30/03/2017. Department's claim of issuing corrected notice on 31/03/2017 was rejected as no such notice was produced and email attachment still contained the original defective notice. Assessment order and CIT(A) order were set aside. Case-Laws Income Tax Thu, 13 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754047