CBDT Circular Non-Compliance Does Not Invalidate Section 143(2) Notice: ITAT Delhi

Luxor Nano Technology Pvt. Ltd. Vs ACIT (ITAT Delhi) The ITAT Delhi partly allowed the assessee’s appeal for statistical purposes in respect of the assessment framed under Section 143(3) for AY 2016-17. The assessee first challenged the validity of the notice issued under Section 143(2), contending that it violated CBDT Instruction F.No. 225/157/2017/ITA-II dated 23.06.2017. The Tribunal held that the issue stood covered against the assessee by the Delhi High Court’s decision in Bharat Bansal vs. National Faceless Assessment Centre, which held that administrative circulars do not o...