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ITAT Rajkot: Wrong Sanction & Late 148 Notice Void Reassessment
Case Law Details
- Case Name
- Ashish Mansukhlal Gokani Mithapur Vs CIT (Appeals) (ITAT Rajkot)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Rajkot
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Ashish Mansukhlal Gokani Mithapur Vs CIT (Appeals) (ITAT Rajkot)
AY 2013-14 Beyond Limitation- Jurisdictional Defect Fatal: Wrong Sanction & Late 148 Notice Void the Reassessment
Assessee filed return declaring Rs.1,85,850/-. Based on Insight-Portal information regarding total bank credits of Rs.1,61,84,806/-, AO reopened assessment u/s 147 & completed reassessment u/s 144/147 on 29.03.2022, treating Rs.70,38,117/- as unexplained credits u/s 68. CIT(A)/NFAC partly sustained addition at Rs.7,49,971/-.
Before Tribunal, Assessee challenged the legality of reopening. Tri...
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