Notice Issued by non-Jurisdictional AO to NRI is invalid: Mumbai ITAT quashes Reassessment

Sanand Sankardas Vs ITO (ITAT Mumbai) Assessee , a Non-Resident Indian (NRI) residing & working in Dubai, was assessed for AY 2015–16. His case was reopened u/s 147 & notice u/s 148 was issued by the AO of Ward 34(3)(5), Mumbai, who proceeded to make an addition of ₹36.12 lakhs u/s 69 for unexplained investment in a property purchased in Kerala. Assessee argued that he was non-resident during the year & jurisdiction rested with the International Taxation Officer, not the AO who issued the notice, the property investment was made from funds remitted from abroad & that th...