Reassessment Quashed as Mandatory Seven-Day Notice Was Not Granted

Selvaraj Arokia Sagaya Raj Vs DCIT (ITAT Chennai) Reassessment Quashed for Violation of Mandatory Seven-Day Period under Section 148A(b) The ITAT, Chennai held that the reassessment proceedings for AY 2018-19 were invalid due to non-compliance with the mandatory requirement of Section 148A(b). The Assessing Officer issued the notice on 30.03.2022 and required the assessee to respond by 31.03.2022, granting only one day instead of the statutorily prescribed minimum period of “not less than seven days”. Rejecting the Revenue’s contention that the timeline is merely directory, the Tribunal ...