Section 292BB cannot cure non-issuance of notice u/s. 143(2): Delhi HC

CIT International Taxation-1 Vs Oracle Systems Corporation (Delhi High Court)

Delhi High Court held that non-issuance of notice under section 143(2) of the Income Tax Act is in grave contradiction to section 292BB of the Income Tax Act. Accordingly, revenue appeal dismissed.

Facts- Revenue has preferred the present appeal. Revenue has contented the ITAT erred quashing the assessment proceedings, without appreciating the fact that the assessee fully cooperated throughout the assessment proceedings and in simply stating that there is no valid issuance and serv

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