Case Law Analysis
|Income Tax Appellate Tribunal
Section 263 ITA | No Fresh Section 143(2) Notice Required for Revisionary Assessments After PCIT Set-Aside : ITAT Bangalore
ITAT Bangalore clarifies that reassessment under Section 263 of the Income Tax Act does not necessitate a fresh notice under Section 143(2), as the proceedings are a continuation of the original assessment. This ruling streamlines procedural compliance for tax authorities and assessees, avoiding redundant notices in set-aside cases.