ITAT Quashes Assessment as Section 143(2) Notice Was Issued by Non-Jurisdictional AO

Meena Swarup Vs DCIT (ITAT Delhi) The appeal was filed against the order of the Commissioner of Income Tax (Appeals) dated 14.12.2018 arising from the assessment order passed under Section 143(3) for Assessment Year 2014-15. The assessee, a non-resident individual, had filed a return declaring income of ₹47,320. During assessment, the Assessing Officer treated the assessee’s Long Term Capital Gain (LTCG) of ₹2,47,91,254 as unexplained cash credit under Section 68, and the Commissioner (Appeals) confirmed the addition. Before the Tribunal, the assessee raised additional legal grounds ...