In the result the appeal of the assessee is allowed
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Physical Hearing) I.T.A. No. 695/Asr/2024 Assessment Year: 2014-15 M/S Pankaj Jindal Contractor, Vs. Dcit-Circle-1, Near Vidya Bharti School, Bathinda. Mansa. [Pan:-Aajfp8008L] (Appellant) (Respondent) Appellant By Sh. Sudhir Sehgal, Adv. Respondent By Sh. Charan Dass, Sr. Dr
119 Taxman 922 (Punjab & Haryana) Section 148 of the Income-tax Act, 1961 Income escaping assessment Issue of notice Whether recording of reasons under section 148(2) and communicating them to assessee is mandatory and where same were not found on record, notice issued under section 148 would have to be treated as nullity-Held, yes iv. CIT v. Videsh