Reassessment Quashed: Tribunal Finds Jurisdictional Defect Due to Missing Notice, Invalidates Entire Process.

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....Validity of reopening of assessment u/s 147 - no notice u/s 143(2) of the Act was issued by the AO for taking case under scrutiny - The Tribunal meticulously examined the issues raised by the assessee, including the validity of the reassessment and the addition to income. It delved into legal precedents and statutory provisions to arrive at a decision. Ultimately, the Tribunal found a jurisdictional defect in the reassessment proceedings, rendering them invalid. Consequently, the entire reassessment process was quashed, and the orders of the lower authorities were set aside.....