Notice Issued for Incorrect Year Renders Reassessment Void

Kanhaiya Lal Hari Narayan Vs ITO (ITAT Jaipur) Reasons for AY 2012-13, Notice for AY 2013-14- Wrong Year Reopened, Entire 147 Collapses: Jurisdictional Defect Fatal: ITAT Jaipur Says CIT(A) Should Have Quashed 147- Borrowed Satisfaction & Wrong AY: The Jaipur Bench (SMC) of the ITAT, vide order dated 31.12.2025 in Kanhaiya Lal Hari Narayan v. ITO (ITA No. 1034/JPR/2025, AY 2013-14), allowed the assessee’s appeal and quashed the reassessment framed u/s 147, holding that the very assumption of jurisdiction was invalid. The reassessment was initiated on the basis of information received fro...