Reassessment u/s 147 valid if assesse had deemed notice of reassessment proceedings

Brief Facts of the Case and Question of Law Brief Facts For AY 2008-09, the assessee had reported an income of Rs.444/-. This was processed under Section 143 (1). Upon an enquiry and investigation report, the AO issued notice under Section 148, doubting a transaction based upon the transfer of shares and purchase by two subsequent transferees i.e. Raghubir Singh and SimranjeetKaur. The assessment was completed with the addition of that amount to the assessee’s final income. The matter was carried in appeal unsuccessfully to the CIT (A), and later, to the ITAT as well. The assessee was una...