Participation in Reassessment Proceedings Cannot Cure Section 143(2) Notice Absence: ITAT Nagpur

ACIT Vs JD Ispat Pvt Ltd (ITAT Nagpur) In the case of ACIT vs JD Ispat Pvt Ltd, the Income Tax Appellate Tribunal (ITAT), Nagpur Bench, dealt with the validity of reassessment proceedings and the consequences of non-issuance of notice under Section 143(2) of the Income Tax Act. The Revenue challenged the order of the Commissioner of Income Tax (Appeals) [CIT(A)], who had set aside the reassessment order for fresh adjudication. The assessee had originally filed its return for Assessment Year 2018–19 declaring nil income. The return was processed under Section 143(1). Subsequently, based on in...