https://www.taxtmi.com/caselaws?id=462816 The ITAT Mumbai quashed a reassessment order due to procedural non-compliance regarding notice timing under Section 143(2). The assessee filed a return pursuant to Section 148 notice on 02/03/2015 for FY 2014-15, requiring the Section 143(2) notice to be served by 30/09/2015. However, the notice was issued on 01/02/2016, exceeding the six-month statutory limitation period. Following the precedent in Kamla Devi Sharma case, the tribunal held that issuing Section 143(2) notice beyond the prescribed timeframe in reassessment proceedings cannot be condoned under Section 292BB and renders the reassessment order fatal. The tribunal allowed the assessee's appeal and quashed the impugned assessment order for being time-barred. en-us Fri, 14 Feb 2025 00:00:00 +0530 Thu, 17 Jul 2025 18:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462816 The ITAT Mumbai quashed a reassessment order due to procedural non-compliance regarding notice timing under Section 143(2). The assessee filed a return pursuant to Section 148 notice on 02/03/2015 for FY 2014-15, requiring the Section 143(2) notice to be served by 30/09/2015. However, the notice was issued on 01/02/2016, exceeding the six-month statutory limitation period. Following the precedent in Kamla Devi Sharma case, the tribunal held that issuing Section 143(2) notice beyond the prescribed timeframe in reassessment proceedings cannot be condoned under Section 292BB and renders the reassessment order fatal. The tribunal allowed the assessee's appeal and quashed the impugned assessment order for being time-barred. Case-Laws Income Tax Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462816