Notice issued u/s 263 without DIN makes entire revisionary proceeding invalid

Advertisement Nova Properties Private Limited Vs PCIT (ITAT Ahmedabad) ITAT Ahmedabad held that initiation of revisionary proceedings by issuing show cause notice u/s 263 of the Income Tax Act without Document Identification Number (DIN) makes the entire proceedings invalid-in-law. Facts- The assessee is Private Limited Company engaged in Real Estate Business and Development of Commercial Project called “Titanium-1”. The Return of Income of the assessee was taken up for scrutiny assessment. Post issuance of notice and considering the submissions of the assessee, AO accepted the income ...