Non-issuance of notice U/s. 143(2) & Applicability of section 292BB

PCIT Vs Oberoi Hotels Pvt. Ltd. (Calcutta High Court) Section 292BB does not dispense with issuance of any notice that is mandated to be issued under the Act, but merely cures the defect of service of such notice if an objection in such regard is not taken before completion of assessment or reassessment as time for issuance of notice under section 143(2) had expired and time for completing  reassessment proceedings had run out, failure to issue such notice under section 143(2) would result in entire proceedings, including order of assessment, to be quashed. FULL TEXT OF THE HIGH COURT ORDER /...