https://www.taxtmi.com/caselaws?id=56549 The tribunal found the initiation of proceedings under Section 147 invalid due to non-compliance with mandatory prerequisites, leading to the nullification of notices under Section 148 and assessments. As a result, the consolidated assessment orders for assessment years 1992-93 to 1995-96 were deemed void. The tribunal did not rule on the ownership of income due to the legal grounds of the case. Consequently, the appeals for all four assessment years were allowed. en-us Sun, 16 Apr 2000 00:00:00 +0530 Sat, 04 Dec 2010 13:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56549 The tribunal found the initiation of proceedings under Section 147 invalid due to non-compliance with mandatory prerequisites, leading to the nullification of notices under Section 148 and assessments. As a result, the consolidated assessment orders for assessment years 1992-93 to 1995-96 were deemed void. The tribunal did not rule on the ownership of income due to the legal grounds of the case. Consequently, the appeals for all four assessment years were allowed. Case-Laws Income Tax Sun, 16 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56549