Passing of assessment order u/s. 144 without issuance of notice u/s. 143(2) cannot be sustained

Advertisement KVRECPL – IRPINFRATECH (JV) Vs ACIT (ITAT Visakhapatnam) ITAT Visakhapatnam held that assessment order passed under section 144 of the Income Tax Act without issuance of notice under section 143(2) is not sustainable and liable to be quashed since failure to issue notice u/s. 143(2) cannot be cured u/s. 292BB. Facts- The assessee is a partnership firm engaged in the business of construction has not filed its return of income for the Asst. Year 2017-18. Based on the bank account statement, Form-26AS, AO treated an amount of Rs. 73,60,62,875/- as unaccounted income of the ass...