₹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 accommodation entries from entities like Rajiv Dhar, Hanuman Trading Co., Ultra Trade Mart, & Lutan Pandit during...