Reassessment Quashed Due to Mismatch Between 148A(b) Notice and 148A(d) Order

Ashok Kumar Jain Vs PCIT (ITAT Delhi) Variance Between 148A(b) & 148A(d) Proves Fatal – Reopening Built on One Allegation, Order on Another- Show Cause Speaks of Bogus ITC, Order Speaks of Bogus Purchases – Jurisdictional Mismatch Sinks Reassessment– ITAT Delhi Quashes 148A & 263 The appeal was filed against the revisional order u/s 263 dated 29.03.2025 whereby PCIT revised assessment order dated 16.03.2023 passed u/s 147 r.w.s. 144 r.w.s. 144B. PCIT held that AO had mechanically accepted alleged bogus purchases from M/s RCI Industries & Technologies Ltd amounting to Rs.2...