JAO Lacked Power Post-29.03.2022: ITAT Quashes 148 Notice & Entire Proceeding

Ali Unjhawala Asgar Vs ITO (ITAT Hyderabad) Insight Info Triggered Reopening, But Jurisdiction Defect Kills Entire Proceeding-JAO Has No Power Post-29.03.2022—148 Notice by JAO Invalid – ITAT Annuls 147/144B Assessment Assessee, a partner in M/s TAS Trading Corporation, was issued notice u/s 148A(b) based on Insight/NMS information relating to purchase of immovable property (1/3rd share: Rs.38,50,000/-) & cash deposits of Rs.12,73,700/- in Yes Bank. Assessee was a non-filer. On failure to reply, AO passed order u/s 148A(d) on 08.04.2022 & issued notice u/s 148. Assessment was ...