Reassessment without issuance of notice U/s 143(2) is invalid

Mehta Emporium Jewellers Vs ITO (ITAT Mumbai)

Conclusion: Reassessment order passed by AO without issuing notice under section 143(2) was invalid as it is mandatory obligation of AO to serve notice by assigning reasons therein with regard to his belief of escaped tax liability before making reassessment of any escaped income.

Held: In the instant case, AO had passed reassessment order under section 148 without issuing notice under section 143(2) to assesse

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