Notice issued Without satisfy Condition Precedent u/s 147 of IT ACT is invalid :Bombay HC quashes proceedings [Read Order]

Notice - IT - ACT - Bombay - HC - TAXSCAN

The division bench of the Bombay high court in a writ petition filed before it quashed the reopening assessment proceedings and held that Notice issued without satisfied condition precedent under section 147 of income tax act 1961 is invalid. Section 147 of income tax act 1961 provides that the assessing officer shall issue notice if…

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