ITAT Lucknow Quashes U/s 148 Reopening; U/s 148A(d) Order Passed Before Reply Time & Without Considering Assessee’s Response

Najma Vs PCIT (ITAT Lucknow) Reopening U/s 148 Quashed – Order U/s 148A(d) Passed Before Expiry of Reply Time & Without Considering Assessee’s Reply – ITAT Lucknow The assessee’s case was reopened based on information from the Insight Portal alleging large bitcoin trading and unexplained investment of ₹88.55 lakh. AO completed reassessment u/s 147 r.w.s.144 and made addition u/s 69, which was confirmed by CIT(A). Before ITAT, the assessee raised additional legal grounds challenging validity of reopening. It was demonstrated that notice u/s 148A(b) granted time till 31.03....