Duplicate PAN & No Hearing: ITAT Sets Aside Reassessments for 5 Years

Vikrant Vs ITO (ITAT Delhi) Duplicate PAN, Faceless Lapses & No Hearing: ITAT Delhi Sets Aside Reassessments for Five Years Delhi ITAT set aside the reassessment orders passed u/s 147 r.w.s. 144 and restored the matters to the file of the AO for fresh adjudication. The reassessments were initiated based on information regarding immovable property transactions allegedly undertaken by the Assessee. The AO proceeded on a duplicate PAN, despite the Assessee’s specific contention that all such transactions were already disclosed in returns filed under another valid PAN, and requested deactiva...