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ITAT Mumbai: Reassessment Void for Faceless Violation – ₹1.64 Cr Addition Collapses
Case Law Details
- Case Name
- ITO Vs Geeta Kirit Muchhala (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Mumbai
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ITO Vs Geeta Kirit Muchhala (ITAT Mumbai)
ITAT Mumbai: Reassessment Void for Faceless Violation – ₹1.64 Cr Addition Collapses
In this case, the ITAT Mumbai upheld the CIT(A)’s order quashing reassessment proceedings involving ₹1.64 crore addition u/s 68 arising from alleged accommodation entries in illiquid stock transactions.
The Tribunal noted that the entire reassessment was fundamentally flawed, as the notice u/s 148 and subsequent proceedings were not issued through the faceless mechanism mandated under Section 151A. The Hon’ble Bombay High Court, in the assessee’s own case, h...
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