AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]

The Tribunal’s ruling addressed the primary ground of appeal regarding the legality of the re-opening, effectively favoring the assessee
By Sneha Sukumaran Mullakkal - On August 28, 2024 1:57 pm - 2 mins read
Income Tax - ITAT - Income Tax under ITAT - Income Tax Reassessment - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal( ITAT ) quashed a reassessment order under Section 147 of the Income Tax Act,1961 ruling that the Assessing Officer ( AO ) cannot issue a reassessment notice while the original return is still pending. Rajesh Kumar,  appellant-assessee,the revenue-respondent filed  an appeal challenging the order passed by Commissioner…

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