One-Day Notice Invalidates Reassessment: ITAT Chennai Quashes U/s 148A(b) Proceedings

Selvaraj Arokia Sagaya Raj Vs DCIT (ITAT Chennai) One-day notice vitiates reassessment: failure to grant 7 clear days u/s 148A(b) renders proceedings non-est — ITAT Chennai Chennai  Tribunal allowed Assessee’s appeal & quashed entire reassessment on jurisdictional ground. Tribunal noted that AO issued notice u/s 148A(b) on 30-03-2022 requiring reply by 31-03-2022, thereby granting only one day to respond. Relying on binding ratio of Karnataka HC in Bevinakuppe Ningegowda Ramalingegowda and Division Bench ruling in ITO vs Venkatal Ayyappa Ranjanna, Tribunal held that minimum 7 clear da...