ITAT Delhi Quashes Reassessment Over Missing Section 143(2) Notice

Amit Singhal Vs NFAC (ITAT Delhi) No 143(2), No Reassessment: Return Filed, AO Can’t Pretend Otherwise—ITAT Delhi Quashes Entire 147 Proceedings Assessee’s assessment for AY 2017-18 was reopened u/s 147 alleging cash deposit of ₹1 crore. Though Assessee had filed return in response to notice u/s 148 on 07.10.2021 and duly e-verified it on 22.02.2022, AO proceeded to complete reassessment u/s 144 on the premise that no valid return was filed, without issuing mandatory notice u/s 143(2), and made addition of ₹1 crore u/s 69A r.w.s. 115BBE. NFAC upheld the action holding that since retu...