ITAT Delhi Quashes Reassessment for Non-Issuance of Section 143(2) Notice

Amar Chemicals Vs DCIT (ITAT Delhi) When 143(2) Goes Missing, Reassessment Cannot Survive- Jurisdictional Defect Fatal – Mandatory Notice Ignored, Assessment Annulled – ITAT Delhi Delhi ITAT quashed the reassessment proceedings on the ground of non-issuance of mandatory notice u/s 143(2). Assessee, a partnership firm, had originally filed its return of income on 23.10.2019 declaring income of ₹2,41,560. Subsequently, a survey was conducted u/s 133A at its premises & based on information gathered, AO issued a notice u/s 148 on 30.03.2023.In response, Assessee, through letters ...