ITAT Delhi Quashes Reassessment– Wrong Authority’s Approval Invalidates 148 Notice

Kiran Vs ITO (ITAT Delhi) ITAT Delhi Quashes Reassessment– Wrong Authority’s Approval Invalidates 148 Notice- Rs.2.25 Cr LTCG Addition Deleted as 148 Notice Found Invalid Assessee filed appeal against order of CIT(A) which had upheld reassessment framed u/s 147/144B. There was a delay of 11 days in filing appeal, explained as order was served only on old email ID of disengaged counsel. Tribunal condoned the delay, holding that it was bona fide. The case originated from notice u/s 148 issued on 30.07.2022 after order u/s 148A(d). AO added Rs.2,25,71,243/- as unexplained money u/s 69A treati...