https://www.taxtmi.com/caselaws?id=770678 The ITAT quashed a reassessment order passed under sections 147 and 144B due to procedural violation. The assessee filed return in response to section 148 notice on 31.03.2021, but the AO issued section 143(2) notice on 20.11.2021, beyond the prescribed three-month limit ending 30.06.2021. The tribunal held that section 143(2) notice requirements apply equally to returns filed under section 148, and the revenue's explanation of one-year period was unsupported. Since the notice was issued beyond the mandatory time limit, the subsequent reassessment order was deemed invalid and quashed in favor of the assessee. en-us Fri, 28 Feb 2025 00:00:00 +0530 Thu, 15 May 2025 07:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770678 The ITAT quashed a reassessment order passed under sections 147 and 144B due to procedural violation. The assessee filed return in response to section 148 notice on 31.03.2021, but the AO issued section 143(2) notice on 20.11.2021, beyond the prescribed three-month limit ending 30.06.2021. The tribunal held that section 143(2) notice requirements apply equally to returns filed under section 148, and the revenue's explanation of one-year period was unsupported. Since the notice was issued beyond the mandatory time limit, the subsequent reassessment order was deemed invalid and quashed in favor of the assessee. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770678