The provisions of section 292BB of the Act deals with the ...

Section 292BB Does Not Apply: Mandatory Notice u/s 143(2) Required for Valid Assessment u/ss 147/143(3.

July 5, 2021

Case Laws Income Tax AT

The provisions of section 292BB of the Act deals with the situation where notice is not served or not served on time or served in a improper manner viz a viz the assessee does not raise objection before the completion of the assessment. As such, the provision of section 292BB of the Act does not deal about the issuance of notice. In the present case, the issue is whether the assessment framed under section 147/143(3) of the Act is valid without the issuance of the mandatory notice under section 143(2) of the Act. Accordingly we hold that, the provision of section 292BB of the Act does not extend any benefit to the Revenue. - AT

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The provisions of section 292BB of the Act deals with the ...

Section 292BB Does Not Apply: Mandatory Notice u/s 143(2) Required for Valid Assessment u/ss 147/143(3.

July 5, 2021

Case Laws Income Tax AT

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