Assessee not liable for notice issued at Old Address despite intimation of new Address

Ethnic Overseas (P) Ltd. Vs ITO (ITAT Delhi) In the present case the AO passed the assessment order u/s 144 of the Act dated 11.12.2007 (PB-6) in which AO has mentioned Old address of the assessee. Sameold  address is mentioned in the penalty order. The assessee, however, filed return of income for subsequent AY 2006-07 on 31.12.2006 in which assessee has mentioned new address. It is, therefore, clear that prior to completion of the assessment for assessment year under appeal, assessee had already reported new address to the Revenue Department. However, the AO for the reasons best known to hi...