Reassessment Quashed for Failure to Issue Mandatory Section 143(2)

Sanghi Textiles Private Limited Vs ITO (ITAT Hyderabad) Reassessment Quashed for Want of Jurisdiction: Notice Under Section 143(2) Is Mandatory After Return Filed Under Section 148 The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment order passed under section 147 read with section 144B, holding that the failure to issue a mandatory notice under section 143(2) after the assessee filed its return in response to notice under section 148 rendered the entire assessment void ab initio. The Tribunal held that a return of income filed pursuant to section 148, even ...