₹6.88 Crore Additions Invalid as Reassessment Void Without 143(2) Notice: ITAT Delhi

ITO Vs Ritu Bala (ITAT Delhi)

Reassessment Void Without Notice u/s 143(2) – Additions for Bogus Purchases & Unexplained Cash of ₹6.88 Cr Deleted- ITAT Delhi

Facts in Brief

Revenue filed appeal against CIT(A)’s order deleting additions of ₹2.64 crore (bogus purchases) & ₹4.23 crore (unexplained cash) made in the reassessment of Ritu Bala. The case was reopened u/s 147 on information from the Risk Management Strategy (CBDT) alleging that Assessee had taken bogus accommod

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