Assessment Set Aside for Non-Issuance of Notice u/s 143(2)

Jain Shewatmber Sansthan Vs ITO (Exemption) (ITAT Jaipur)

Assessee is a society registered u/s 12A, running charitable activities including a free homeopathic clinic. No return was filed originally, but cash deposits of ₹12.33 lakh triggered reopening u/s 147. AO issued notice u/s 148, Assessee filed return belatedly, & assessment was completed u/s 147 r.w.s. 144 denying exemption u/s 11 by invoking s.13(1)(b). Additions of ₹9,04,499 were made towards Dev Dravya & Aradhana Bhawan receipts, & income was assessed at ₹10,50,970. CIT(A), NFAC sustained the additions.<

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