2010 (5) TMI 600 - ALLAHABAD HIGH COURT

Reassessment proceedings - addition on account of unexplained gift - Guinness of gift - requirement of issue of notice u/s 143(2) where return filed in pursuance of notice u/s 148 - held that:- in absence of any notice issued under sub-section (2) of Section 143 after receipt of fresh return, submitted by the assessee in response to notice under Section 148, the entire procedure adopted for escaped assessment, shall not be valid. - the requirement of notice under s. 143 (2) cannot be dispensed with. - Decided in favor of assessee.