Section 148 Notice Issued by JAO After 29-03-2022 was Invalid: ITAT Chennai

Narayanan Varalakshmi Vs ITO (ITAT Chennai) 148 Notice Issued by JAO After 29-03-2022 Held Invalid—Faceless Reassessment Mandatory; Entire 147 Proceedings Quashed  Assessee, who runs a small bus-transport service and had not filed return for AY 2018-19 as her income was below the taxable limit, received information regarding cash deposits of ₹92,28,000, time deposits of ₹10,12,572 and bank interest of ₹72,193. Based on this, the ITO, Non-Corp Ward 1(3), Madurai, issued notice u/s 148 on 30-03-2022 and passed an order u/s 148A(d) on 28-03-2022. The Assessment Unit, NFAC completed reas...