https://www.taxtmi.com/caselaws?id=57547 The ITAT partially allowed the appeal due to the invalidity of the assessment proceeding under sections 143(3) and 147. The lack of proper reasons for issuing the notice under section 148 and the assessment made in the name of a dissolved firm rendered the assessment invalid. The assessment order was canceled, overturning the CIT (Appeals) decision. The issue of compensation assessment was not addressed further as the assessment was deemed invalid on multiple grounds. en-us Wed, 15 Oct 1997 00:00:00 +0530 Fri, 10 Dec 2010 17:05:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57547 The ITAT partially allowed the appeal due to the invalidity of the assessment proceeding under sections 143(3) and 147. The lack of proper reasons for issuing the notice under section 148 and the assessment made in the name of a dissolved firm rendered the assessment invalid. The assessment order was canceled, overturning the CIT (Appeals) decision. The issue of compensation assessment was not addressed further as the assessment was deemed invalid on multiple grounds. Case-Laws Income Tax Wed, 15 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57547