Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
CIT(A) erred by assuming reassessment proceedings initiated by AO u/s 148A were valid, ignoring merits of earlier assessment orders dated 31.03.2022 passed pursuant to notice issued on 30.06.2021 under old Section 148. ITAT held assessment orders based on notice issued under non-existent Section 148 were invalid, quashing them. CIT(A) ought to have independently determined validity of impugned orders instead of treating them as non-est due to subsequent Section 148A proceedings. Decided in assessee's favor.
CIT(A) erred by assuming reassessment proceedings initiated by AO u/s 148A were valid, ignoring merits of earlier assessment orders dated 31.03.2022 passed pursuant to notice issued on 30.06.2021 under old Section 148. ITAT held assessment orders based on notice issued under non-existent Section 148 were invalid, quashing them. CIT(A) ought to have independently determined validity of impugned orders instead of treating them as non-est due to subsequent Section 148A proceedings. Decided in assessee's favor.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
