ITAT Delhi Quashed Assessment for non-issuance of Section 153C Notice

Bhawna Garg Vs DCIT (ITAT Delhi) ITAT allowed the appeal of the assessee against the CIT(A)-30 order dated 08.02.2024 for Assessment Year (AY) 2021-22. The appeal challenged the assessment framed under section 143(3) of the Income Tax Act, 1961, and upheld by the CIT(A), raising multiple grounds including incorrect additions, interest, and penalty. The Assessing Officer (AO) had alleged that the assessee made unaccounted payments of INR 40,69,000 during the purchase of a property at E-137, Upper Ground Floor, Preet Vihar, Delhi, stating the payments were made to Mr. Parveen Kumar Jain. The ass...