https://www.taxtmi.com/caselaws?id=470336 Reassessment notices may be issued to an LLP following conversion of a partnership firm because the LLP succeeds to the firm's assets, liabilities, rights and pending proceedings. Investigation material concerning transactions with an accommodation-entry provider may constitute prima facie material for reopening, and prior approval must exist before notice issuance. However, notice under section 143(2) is mandatory before reassessment is finalised; its absence renders the reassessment order void rather than a curable procedural defect. A void reassessment cannot support revisionary jurisdiction under section 263, so the revision order must be quashed. en-us Wed, 09 Oct 2024 00:00:00 +0530 Thu, 23 Jul 2026 20:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470336 Reassessment notices may be issued to an LLP following conversion of a partnership firm because the LLP succeeds to the firm's assets, liabilities, rights and pending proceedings. Investigation material concerning transactions with an accommodation-entry provider may constitute prima facie material for reopening, and prior approval must exist before notice issuance. However, notice under section 143(2) is mandatory before reassessment is finalised; its absence renders the reassessment order void rather than a curable procedural defect. A void reassessment cannot support revisionary jurisdiction under section 263, so the revision order must be quashed. Case-Laws Income Tax Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470336