https://www.taxtmi.com/caselaws?id=39775 The High Court ruled in favor of the assessee, holding that the notice under section 148 was invalid as a valid return had been filed within the prescribed time under section 139(4). The Court emphasized that the notice was issued based on the failure to file a return under section 139, not on the grounds specified in section 147, making it invalid. The Court referred to relevant case law and concluded that the Tribunal should have considered the grounds challenging the notice, overturning the Tribunal's decision and ruling in favor of the assessee. en-us Wed, 20 Mar 1974 00:00:00 +0530 Thu, 27 Jul 2017 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39775 The High Court ruled in favor of the assessee, holding that the notice under section 148 was invalid as a valid return had been filed within the prescribed time under section 139(4). The Court emphasized that the notice was issued based on the failure to file a return under section 139, not on the grounds specified in section 147, making it invalid. The Court referred to relevant case law and concluded that the Tribunal should have considered the grounds challenging the notice, overturning the Tribunal's decision and ruling in favor of the assessee. Case-Laws Income Tax Wed, 20 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39775