TaxTMI 
TaxTMI 
High Court's ruling on Section 292BB as introduced by the Finance Act, 2008 regarding "Notice deemed to be valid in certain circumstances" - Absence of notice cannot be held to be curable under Section 292 BB of the Act
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....igh Court's ruling on Section 292BB as introduced by the Finance Act, 2008 regarding "Notice deemed to be valid in certain circumstances" - Absence of notice cannot be held to be curable under Section 292 BB of the Act <br>News and Press Release<br>Dated:- 27-7-2009<br><BR>Section 292BB to the Income Tax 1961 was introduced vide Finance Act, 2008 as "Notice deemed to be valid in certain circumstan....
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....ces" The provisions of Section 292BB read as: ----------- Where an assessee has appeared in any proceeding or co-operated in any inquiry relating to an assessment or reassessment, it shall be deemed that any notice under any provision of this Act, which is required to be served upon him, has been duly served upon him in time in accordance with the provisions of this Act and such assessee shall ....
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....be precluded from taking any objection in any proceeding or inquiry under this Act that the notice was— (a) not served upon him; or (b) not served upon him in time; or (c) served upon him in an improper manner: Provided that nothing contained in this section shall apply where the assessee has raised such objection before the completion of such assessment or reassessment. ------------ F....
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....acts of the Case: There is no evidence that Notice was issued under section 143(2) Contention of the Department Irregularity or defect in issuing notice was curable under Section 292BB of the Act. Decision of the High Court Absence of notice cannot be held to be curable under Section 292 BB of the Act. For full text of Judgment - visit: Commissioner of Income Tax, Faridabad Versus M/s Cebo....
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....n India Limited [2009 - TMI- 34205 - PUNJAB AND HARYANA HIGH COURT]<BR> News - Press release - PIB....