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2012 (6) TMI 55 - HC - Income TaxIssue of reassessment notice u/s 147/148 instead of issuing notice u/s 143(2) for scrutiny assessment - whether the notice issued on 30.12.2004 under Section 143(2) of the Act was validly served upon the assessee-firm on 31.12.2004 as claimed by the Assessing Officer. - held that:- Tribunal was not right in quashing the assessment proceedings. We hold that the assessee was properly served with the notice under Section 143(2) of the Act and within the statutory period prescribed by the proviso to the said sub-section. Accordingly, the substantial question of law is answered in the negative, in favour of the Revenue and against the assessee.
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