https://www.taxtmi.com/caselaws?id=770561 Compliance with the statutory notice requirement under the Income-tax Act was treated as mandatory in reassessment proceedings, and non-issuance or invalid service of the jurisdictional notice was not a mere procedural irregularity. The Court noted that the reassessment framework under Sections 147, 148 and the notice requirement under Section 143(2), read with the jurisdictional scheme under Sections 2(7A) and 120 and the faceless assessment provisions under Section 144B, must be followed validly. Section 292BB did not cure the defect where the assessee had raised a timely objection. The Tribunal was therefore right in holding the reassessment order invalid, and the challenge failed. en-us Tue, 06 May 2025 00:00:00 +0530 Tue, 13 May 2025 09:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770561 Compliance with the statutory notice requirement under the Income-tax Act was treated as mandatory in reassessment proceedings, and non-issuance or invalid service of the jurisdictional notice was not a mere procedural irregularity. The Court noted that the reassessment framework under Sections 147, 148 and the notice requirement under Section 143(2), read with the jurisdictional scheme under Sections 2(7A) and 120 and the faceless assessment provisions under Section 144B, must be followed validly. Section 292BB did not cure the defect where the assessee had raised a timely objection. The Tribunal was therefore right in holding the reassessment order invalid, and the challenge failed. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770561