https://www.taxtmi.com/caselaws?id=459201 ITAT Mumbai held that reassessment proceedings under section 147 read with section 143(3) were invalid due to non-issuance of mandatory notice under section 143(2). Following precedents from Bombay HC in Geno Pharmaceuticals Ltd. and SC in Laxman Das Khandelwal, the tribunal ruled that assessment officer cannot proceed with enquiry without issuing section 143(2) notice. The reassessment order was quashed as procedurally defective and legally bad. Assessee's appeal was allowed. en-us Tue, 17 Dec 2019 00:00:00 +0530 Thu, 05 Dec 2024 09:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459201 ITAT Mumbai held that reassessment proceedings under section 147 read with section 143(3) were invalid due to non-issuance of mandatory notice under section 143(2). Following precedents from Bombay HC in Geno Pharmaceuticals Ltd. and SC in Laxman Das Khandelwal, the tribunal ruled that assessment officer cannot proceed with enquiry without issuing section 143(2) notice. The reassessment order was quashed as procedurally defective and legally bad. Assessee's appeal was allowed. Case-Laws Income Tax Tue, 17 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459201