Sandip Kumar Keshari Vs. ITO, Ward 3(1)
Parties Involved
Facts Summary
The assessee, Sandip Kumar Keshari, did not file any return of income for the assessment year 2017-18. The proceedings under section 147 of the Income Tax Act were initiated by issuing a notice under section 148 on 24.03.2021. The case was reopened based on information about financial transactions/activities relating to the assessee. Despite multiple notices under section 142(1) and questionnaires, the assessee did not comply. Consequently, the Assessing Officer (AO) added a sum of ₹2,89,97,000/- as unexplained money under section 69A and another sum of ₹1,196. The AO assessed the total income at ₹2,93,80,846/-. The assessee filed the return of income on 01.03.2022, which was considered in the assessment order.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessment order u/s 147 read with section 144B is unlawful having been passed without the issue of Notice u/s 143(2) of the Act.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
2 precedents cited in this judgement.
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