Reassessment Upheld Because Return Was Filed on Day of Assessment

Pallavi Kamal Shah Vs ITO (ITAT Mumbai) Late Return on Same Day Can’t Invalidate Best-Judgment Reassessment: ITAT Mumbai Upholds Ex-parte Order u/s 144 r.w.s. 147 The Mumbai ITAT “C” Bench dismissed the appeal of Pallavi Kamal Shah (ITA No. 6317/Mum/2024, AY 2013-14), holding that reassessment completed u/s 144 r.w.s. 147 could not be invalidated merely because the assessee filed the return of income on the very same day the assessment order was passed, and that non-issuance of notice u/s 143(2) in such circumstances did not vitiate the proceedings The case was reopened on the basis of i...