Section 143(2) Notice & Valid Draft Assessment Mandatory U/s 144C: ITAT Mumbai

Advertisement Global Cricket Corporation Pvt. Ltd. Vs Additional Director of Income Tax (ITAT Mumbai) The assessee challenged the final assessment orders for Assessment Years 2005-06 and 2006-07 by raising additional legal grounds questioning the jurisdiction and validity of the reassessment proceedings. The Tribunal admitted these additional grounds as they involved pure questions of law capable of being decided on the basis of the existing record. The first issue concerned the absence of a notice under Section 143(2) after reopening the assessments under Section 147, while the second issu...