Service of notice was mandatory before Income Tax Reassessment therefore, penalty u/s 271(1)(b) was quashed

General Traders Vs Principal Chief Commissioner of Income Tax (Jharkhand High Court)

Conclusion: Since valid service of notice was a mandatory jurisdictional requirement before initiating reassessment proceedings, therefore, purported notices issued under Section 148 including reassessment proceedings under Section 147 as also under Section 142(1) against assessee, as well as the ex parte assessment orders passed under Section 147 read with Section 144 read with Section 144B and ex parte penalty Orders under Sections 271(1)(c) and 271(1)(b) which were subject matte

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