No notice u/s 143(2, Not-providing of reasons to believe to Assessee, ITAT quashed Reassessment proceeding
The Hon’ble ITAT quashed re-assessment proceedings whereby the AO alleged accommodation entry being taken by the asseessee on the basis of alleged bogus and forged contract notes.
We were able to establish that the entire re-assessment proceedings were not in accordance with law as no notice u/s 143(2) had been issued, nor were any reasons to believe provided, despite specific requests being made.
The Court affirmed the order of the CIT(A) quashing the re-assessment proceedings in toto.
The copy of the order is as under:
