ITAT Chennai Remands Case on Reopening Validity for AY 2015-16 to CIT(A)

Rathi Gajendran Vs ITO (ITAT Chennai) The appeal before the Income Tax Appellate Tribunal (ITAT) Chennai, filed by the assessee Rathi Gajendran, challenged the order of the National Faceless Appeal Centre (NFAC)/CIT(A) for the Assessment Year (AY) 2015-16. The case originated from the assessee’s purchase of an immovable property valued at ₹54,06,160/-, for which no return of income was filed. The Assessing Officer (AO) subsequently issued a show cause notice under Section 148A(b) of the Income Tax Act, followed by a notice under Section 148 to file a return, as no response was received...