https://www.taxtmi.com/caselaws?id=760601 The ITAT Surat ruled in favor of the assessee challenging the validity of reopening assessment under section 147. The tribunal held that issuance of notice under section 143(2) is mandatory before finalizing assessment orders, and mere participation by the assessee in proceedings under section 148 does not waive this requirement. Despite revenue's contentions, no evidence was produced showing that section 143(2) notice was issued. The assessee's requests for information, including under RTI Act, confirmed non-issuance of the mandatory notice. The tribunal allowed the assessee's appeal, invalidating the assessment. en-us Wed, 16 Oct 2024 00:00:00 +0530 Wed, 23 Oct 2024 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760601 The ITAT Surat ruled in favor of the assessee challenging the validity of reopening assessment under section 147. The tribunal held that issuance of notice under section 143(2) is mandatory before finalizing assessment orders, and mere participation by the assessee in proceedings under section 148 does not waive this requirement. Despite revenue's contentions, no evidence was produced showing that section 143(2) notice was issued. The assessee's requests for information, including under RTI Act, confirmed non-issuance of the mandatory notice. The tribunal allowed the assessee's appeal, invalidating the assessment. Case-Laws Income Tax Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760601