No Hearing, No Finality: ITAT Restores 69 Addition in Reassessment to AO

Kondragunta Seshu Babu Vs ITO (ITAT Bangalore) The Bangalore SMC Bench of the ITAT set aside the reassessment framed u/s 147 r.w.s. 144 & 144B and restored the entire matter to the file of the Assessing Officer, holding that the Assessee was not afforded a fair and effective opportunity of hearing either at the assessment stage or in appeal. The Assessee, a small agriculturist with no prior history of filing returns, was subjected to reassessment based on information that he had purchased an immovable property for ₹12.48 lakh during FY 2018-19. As the Assessee did not file a return nor r...