Reassessment invalid if notice U/s.143(2) was not issued

ACIT Vs M/s. Dimension Promoters (P) Ltd. (ITAT Delhi)

Where AO had framed the reassessment under section 148 without issuing notice under section 143(2), the reassessment order was invalid because it is mandatory obligation of AO to serve notice by assigning reasons therein with regard to his belief of escaped tax liability before making assessment of any escaped income.

FULL TEXT OF THE ITAT JUDGMENT

This appeal has been filed by the Re

Please become a Premium member. If you are already a Premium member, login here to access the full content.