Validity of Re-Assessment Proceedings can be questioned at any Stage

Issue of validity of reassessment proceedings is a jurisdictional issue. It goes to the root of the matter. The Tribunal ought to have examined the ground no.3 raised in the assessee’s appeal on its merit without being prejudiced by the facts that the reassessment order has been passed on the exparte basis in which the proceedings the assessee has not objected to the initiation of the reassessment. Full Text of High Court Judgment The present income tax appeal under Section 260 A of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’) has been filed by the assesse...