Assessment proceeding held invalid due to non issuance of notice u/s 143(2).
Sep. 22, 2015
AO initiated assessment proceedings against assessee. As no notice was issued under section 143(2), assessee alleged that assessment proceedings were invalid. On appeal, CIT held in favor of assessee observing that notice issued to assessee was a notice for penalty and was not a notice u/s 143(2) of I.T.Act. Further on appeals to CIT and HC both upheld CIT decision & contention presented by the Assessee holding assessment proceedings to be inva…
