Non issue of notice U/s. 143(2) invalidates reassessment

A.M. Muthiah & Anr. Vs DCIT (ITAT Mumbai) Issuance of notice under section 143(2) is mandatory, and absence thereof invalidates even a reassessment made in pursuance to section 148 and reliance placed by AO on section 292BB was misplaced. FULL TEXT OF THE ITAT ORDER IS AS FOLLOWS:- The captioned three appeals are by two different assessees belonging to one family and since common issues are involved, they have been clubbed and heard together and a consolidated order is being passed for the sake of convenience and brevity. 2.  We may first take-up appeal in ITA No. 1105/Mum/2014 which is...