https://www.taxtmi.com/caselaws?id=766275 The ITAT AGRA quashed a reassessment order under section 147 initiated based on AIR information. The tribunal held that issuing notice under section 143(2) is mandatory even in reassessment proceedings, citing consistent judicial precedents. Since the AO failed to issue and serve the mandatory notice under section 143(2), the reassessment order was deemed unsustainable in law and was quashed in favor of the assessee. en-us Wed, 19 Feb 2025 00:00:00 +0530 Fri, 21 Feb 2025 08:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766275 The ITAT AGRA quashed a reassessment order under section 147 initiated based on AIR information. The tribunal held that issuing notice under section 143(2) is mandatory even in reassessment proceedings, citing consistent judicial precedents. Since the AO failed to issue and serve the mandatory notice under section 143(2), the reassessment order was deemed unsustainable in law and was quashed in favor of the assessee. Case-Laws Income Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766275