Delay in issue of notice u/s 143(2) renders reassessment proceedings invalid

0 comments Thursday, January 26, 2012

Delhi High Court in an important following case has held that delay in the issue of notice u/s 143(2) in reassessment proceedings renders the whole proceedings as invalid, more so when the objection to delay in serving the notice is raised during the assessment proceedings in view of section 292BB of Income Tax Act. It is notable here that after 01.10.2005 it is mandatory to issue notice u/s 143(2) of Income tax Act before reassessment proceedings u/s 147/148 are started.
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