https://www.taxtmi.com/caselaws?id=469455 A pending exemption application under Section 10(46) was required to be considered and decided by the competent income-tax authority in accordance with law. In reassessment matters, where notices were issued after the amended Section 148A procedure became operative, proceedings had to follow that statutory framework. Ex parte assessment orders passed without proper participation and under the wrong procedural stage could not be sustained, and the consequential penalty orders also fell. The assessment and penalty orders were therefore set aside and remitted for fresh adjudication from the appropriate stage under the reassessment regime applicable to each assessment year. en-us Wed, 19 Mar 2025 00:00:00 +0530 Wed, 17 Jun 2026 19:02:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469455 A pending exemption application under Section 10(46) was required to be considered and decided by the competent income-tax authority in accordance with law. In reassessment matters, where notices were issued after the amended Section 148A procedure became operative, proceedings had to follow that statutory framework. Ex parte assessment orders passed without proper participation and under the wrong procedural stage could not be sustained, and the consequential penalty orders also fell. The assessment and penalty orders were therefore set aside and remitted for fresh adjudication from the appropriate stage under the reassessment regime applicable to each assessment year. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469455