Reassessment Notice Issued to Deceased Person Invalid – Entire Proceedings u/s 147 Quashed – ITAT Bangalore

Jadagadder Pakkerappa Vs ITO (ITAT Bangalore) Reassessment Notice Issued to Deceased Person Invalid – Entire Proceedings U/s 147 Quashed – ITAT Bangalore The AO reopened the assessment for AY 2016-17 after noticing that the assessee had sold immovable property for ₹60,00,000 but had not filed a return of income. A notice u/s 148 was issued on 08-03-2023 and the AO ultimately completed reassessment u/s 147 r.w.s. 144 treating the entire sale proceeds as Short-Term Capital Gain due to non-compliance with notices. The CIT(A)/NFAC also dismissed the appeal ex-parte for non-appearance...