Reassessment order not communicated within time prescribed u/s 153(2) quashed: Manipur HC

Smt. Mema Paul Vs ITO (Manipur High Court) Manipur High Court held that non-communication of order of reassessment and demand notice within time lime prescribed under section 153(2) of the Income Tax Act cannot be treated as valid assessment. Accordingly, order quashed aside. Facts- The petitioner filed a return of her income on 04-06-2004. The return was processed u/s. 143(1) on 14-12-2004. After about one year from the date of filing the return, the Income Tax Officer, holding that he had reasons to believe that the income chargeable to tax had escaped assessment issued notice un/s. 148 date...