Reopening Valid Where Income Escapement Based on Search-Derived Information

Sonal Sunil Jolapure Vs ITO (ITAT Panaji) The appeal concerns Assessment Year 2011–12 and arises from reassessment proceedings initiated under Sections 147 and 148 of the Income Tax Act, 1961, and the subsequent order passed under Section 143(3) read with Section 147. The assessee challenged the validity of reassessment proceedings, addition made under Section 69/68, and also raised an additional ground regarding non-issuance of notice under Section 143(2). The assessee originally filed a return declaring income of Rs. 1,80,000, which was processed under Section 143(1). Based on search opera...