Assessment on Dead Person Quashed – ITAT Pune Restores Issue to CIT(A)

Late Parasmal Hangamilan Jain Vs ITO (ITAT Pune) ITAT Says Dead Cannot Be Taxed – ITAT Pune Restores Case for Legal Adjudication Department, based on AIR information, noticed that Late Parasmal Hangamilan Jain had purchased an immovable property worth ₹96.14 lakh & had deposited cash of ₹5 lakh in his bank account. Since no return of income was filed, AO reopened the case u/s 147. Notices u/s 148 & 142(1) were issued electronically on the registered email, but there was no compliance. AO thereafter passed reassessment order u/s 147 r.w.s. 144/144B on 22.09.2021 determining to...