Reassessment Set Aside for Fresh Hearing – Assessee Can Challenge Validity of Notice u/s 148 in Subsequent Proceedings: ITAT Hyderabad

Mohd. Azgar Ali Vs ITO (ITAT Hyderabad) Assessee, an individual from Nalgonda, did not file a return of income for A.Y. 2017-18. Information with the department indicated cash deposits of ₹60,04,600 in his Andhra Bank account. Based on this, the AO reopened the case u/s 147 and issued notice u/s 148 on 21.03.2022. Despite multiple notices u/s 142(1) and a final show cause notice u/s 144, the Assessee did not respond. The AO therefore passed an ex-parte reassessment order u/s 147 r.w.s. 144 on 08.01.2025, adding ₹60,04,600 u/s 69A as unexplained money. Before the CIT(A), the Assessee Chall...