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2012 (7) TMI 758 - AT - Income TaxRe-assessment order u/s. 143(3)/147 - Held that:- It is well settled law that unless the return of income already filed and disposed of notice for reassessment u/s. 148 cannot be issued - no reassessment proceedings can be initiated so long as the assessment proceedings pending on the basis of the return already filed are not terminated. In this case, it is admitted fact that the AO could have issued notice u/s. 143(2) at the time of reopening of the assessment. Therefore, reassessment proceedings are invalid, as the time of issuance of notice u/s. 143(2) had not expired - in favour of assessee.
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