Section 143(2) Notice Invalid as AO Issued it on Same Day as Return Filing

Santosh Hospital P. Ltd. Vs ACIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi, has ruled in favor of Santosh Hospital P. Ltd., quashing an assessment order is-sued by the Assistant Commissioner of Income Tax (ACIT) for the assessment year 2014-15. The tribunal upheld the hospital’s contention that the assessment was invalid due to non-compliance with mandatory legal requirements under the Income Tax Act. The case stemmed from a search conducted on a third party in June 2013, leading the Assessing Officer (AO) to record satisfaction in September 2015 to initiate proceedings ag...