ITAT Agra quashes reassessment for failure to issue Section 143(2) notice

Veerendra Singh Vs ITO (ITAT Agra) Summary: The case of Veerendra Singh Vs ITO (ITAT Agra) involves the reassessment of the assessee’s income for AY 2011-12 under Section 147 of the Income-tax Act, 1961. The Assessing Officer (AO) reopened the assessment based on AIR information indicating unexplained cash deposits of ₹26,78,350 in the assessee’s bank account. The AO issued a notice under Section 148 on March 23, 2018, alleging that the assessee had not filed a return under Section 139. However, the assessee contended that he had already filed a return in September 2011, which had be...