Mechanical issuance of notice u/s 148 of the Income Tax Act is unsustainable

DCIT Vs Thulasi & Others (ITAT Chennai) ITAT Chennai held that notice u/s 148 of the Income Tax Act being issued mechanically by AO without going through the original assessment records and without verification of documents on records is unsustainable in law. Facts- The assessee being resident firm was assessed in scrutiny assessment u/s. 143(3). However, the case was reopened on the ground that the assessee firm was taken over by M/s Thulasi Mohan Construction Private Limited on 01-11-2010. The assessee received sale consideration of Rs.2995.60 Lakhs and the transaction did not fall withi...