Reassessment invalid if notice section 148 was not properly served

Girirajkripa Developers Pvt. Ltd. Vs ITO (ITAT Jaipur)

Conclusion: Reassessment proceedings finalized by AO was invalid as  AO had failed to bring on record any positive evidence to prove that the notice u/s 148 was properly served upon assessee.

Held: AO initiated re-assessment proceedings by making an addition of Rs. 2,76,51,300/- on account of short-term capital gains. Assessee contended that there was no evidence of service of notice by AO and even A

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