Only Email Notice Invalid if Physical Mode Chosen in Form 35: ITAT Ahmedabad

Maheshkumar Rajkaranbhai Shah Vs ITO (ITAT Ahmedabad) Assessee had filed his return of income for the A.Y. 2014-15   declaring total income of Rs 3,62,575. Case of the assessee was reopened u/s 147  on the basis of an information that the assessee had purchased a flat for which certain on-money payment was made. The documents seized in the course of search in the case of one Shri MF Jain revealed that the assessee had purchased a flat   for a sale consideration of Rs 31,15,500 & the on-money paid in respect of the said flat was Rs 59,82,300. In the course of assessment, no explanation...