Wrong Email Leads to Missed Notices; ITAT Delhi Orders Fresh Opportunity Before AO

Anil Kapoor Vs ITO (ITAT Delhi) The appeal before the Income Tax Appellate Tribunal (ITAT), Delhi, arose from an order dated 09.01.2025 passed by the Commissioner of Income Tax (Appeals) under Section 250 of the Income Tax Act, 1961, which in turn stemmed from an assessment order dated 21.03.2023 passed by the Assessing Officer under Section 144 read with Section 147 of the Act for Assessment Year 2015–16. The case was selected for reassessment under Section 147 on the ground of alleged escapement of income amounting to ₹52,49,376. The reasons recorded for reopening included transactions d...