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Reassessment without notice u/s 143(2) was bad in law & cannot be revised u/s 263
Case Law Details
- Case Name
- M/s. Supersonic Technologies Pvt. Ltd. Vs PCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Delhi
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M/s. Supersonic Technologies Pvt. Ltd. Vs PCIT (ITAT Delhi)
Conclusion: Since no notice under section 143(2) had been issued for completion of the re-assessment proceedings, therefore, the re-assessment order itself was bad in law and the same could not be revised under section 263.
Held:
A.O reopened assessment but did not mention if he had issued any notice under section 143(2) upon assessee before completion of assessment. This issue was raised before CIT in the proceedings under section 263. CIT mentioned in the impugned order that assessee was intimated by notices dated 1...
