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Failure to Issue Section 143(2) Notice within Prescribed Time Limit Invalidates Reassessment
Case Law Details
- Case Name
- Vansa Properties Pvt. Ltd. Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-2013
- Courts
- All ITAT, ITAT Kolkata
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Vansa Properties Pvt. Ltd. Vs ITO (ITAT Kolkata)
In a landmark judgment, ITAT Kolkata has annulled the reassessment made for Vansa Properties Pvt. Ltd. vs ITO on grounds of a procedural lapse. The authorities had failed to issue a notice under Section 143(2) within the prescribed time limit, thus leading to this decision.
Analysis: Vansa Properties Pvt. Ltd. challenged the order of the Commissioner of Income Tax, National Faceless Appeal Centre, Delhi, based on a series of grounds. The key contention being that the assessment was flawed as no notice under Section 143(2) was is...
