ITAT Visakhapatnam Quashed Reassessment for Being Passed on Deceased Assessee

Dasari Sai Annapurna Vs ACIT (ITAT Visakhapatnam) In Dasari Sai Annapurna v. ACIT, the Income Tax Appellate Tribunal examined the validity of a reassessment order passed in the name of a deceased assessee for AY 2015–16. The original assessee had filed his return declaring income of ₹17.27 lakh. Based on information regarding a Joint Development Agreement entered into in May 2014, the Assessing Officer initiated reassessment proceedings under section 147 on the ground that capital gains arising from the transaction had escaped assessment. Notice under section 148 was issued and served on t...