Reassessment is invalid in absence of valid notice

CIT (Exemption) Vs B. P. Poddar Foundation for Education (Calcutta High Court)

It was held that if the notice issued under Section 148 is invalid the assessing officer cannot reopen the assessment. Further it was held that even if the reasons recorded do not refer to a particular issue, the assessing officer would be entitled to assess the income or reassess the computation of income with regard thereto, if the same comes to his notice during the course of the proceedings for reassessment, however this can be done provided t

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