Late Notice in Demonetisation Case Renders Assessment Void Ab Initio: ITAT Lucknow

Suraiya Begum Vs ITO (ITAT Lucknow) CBDT Instruction mandated that in all demonetisation cash deposit cases, notices to non-filers had to be issued by 31.12.2017- Late Notice Makes Assessment Void Ab Initio – ITAT Lucknow ITAT Lucknow   quashed the assessment framed u/s 144 r.w.s. 69A on the ground that the statutory notice u/s 142(1) was issued beyond the prescribed deadline as per CBDT instructions. Assessee had deposited Rs. 10,00,000/- in specified bank notes during the demonetisation period & Rs. 3,08,517/- during the year in her Bank of Baroda account. AO, on failure of compl...