Section 148 Notice quashed as procedure adopted being per se illegal: ITAT Mumbai

Chemox Exports Imports Pvt. Ltd. Vs Income Tax Department Assessment Unit (ITAT Mumbai) ITAT Mumbai held that notice issued under section 148 of the Income Tax Act and procedure adopted being per se illegal hence the notices deserves to be set aside/ quashed. Facts- The present appeal is preferred by the assessee mainly contesting the reopening of assessment proceedings by issue of notice under section 148 of the Income Tax Act claiming that it is invalid and void. Conclusion- Hon’ble Telangana High Court in the case of Kankanala Ravindra Reddy vs. ITO held that the procedure to be followe...