Notification No. 12/97-Customs(N.T.) amendment adds Malur Inland Container Depot in Karnataka to authorized locations for import unloading and export ...
ITAT held that the belated return filed by the assessee society on 31.03.2019 in response to a s.142(1) notice dated 01.12.2017 constituted a valid return despite delay. The AO erred in treating that return as invalid and in withdrawing the subsequently issued s.143(2) notice dated 22.09.2019, thereafter framing assessment u/s 144. The Tribunal found the AO's dispensation of the statutory obligation to serve a s.143(2) notice and framing under s.144 resulted in absence of valid assumption of jurisdiction. Section 292BB could not cure the absence of a s.143(2) notice. Consequently the s.144 assessment dated 28.12.2019 was quashed.
ITAT held that the belated return filed by the assessee society on 31.03.2019 in response to a s.142(1) notice dated 01.12.2017 constituted a valid return despite delay. The AO erred in treating that return as invalid and in withdrawing the subsequently issued s.143(2) notice dated 22.09.2019, thereafter framing assessment u/s 144. The Tribunal found the AO's dispensation of the statutory obligation to serve a s.143(2) notice and framing under s.144 resulted in absence of valid assumption of jurisdiction. Section 292BB could not cure the absence of a s.143(2) notice. Consequently the s.144 assessment dated 28.12.2019 was quashed.
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