https://www.taxtmi.com/caselaws?id=781934 ITAT Ahmedabad upheld the validity of reassessment, holding that absence of notice under s.143(2) did not invalidate the proceedings since the assessment was completed under s.144 due to continuous non-compliance and belated filing of return after conclusion of assessment. The Tribunal held that in such circumstances, the provisions governing scrutiny under s.143(3) were inapplicable and the AO was empowered to complete a best judgment assessment under s.144 read with s.147. On merits, ITAT found no material linking the assessee to accommodation entry providers, noted proper banking and broker records for speculative share trades, and deleted the additions of Rs.1,53,633 and Rs.25,79,787 sustained by CIT(A). en-us Wed, 19 Nov 2025 00:00:00 +0530 Sat, 22 Nov 2025 07:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781934 ITAT Ahmedabad upheld the validity of reassessment, holding that absence of notice under s.143(2) did not invalidate the proceedings since the assessment was completed under s.144 due to continuous non-compliance and belated filing of return after conclusion of assessment. The Tribunal held that in such circumstances, the provisions governing scrutiny under s.143(3) were inapplicable and the AO was empowered to complete a best judgment assessment under s.144 read with s.147. On merits, ITAT found no material linking the assessee to accommodation entry providers, noted proper banking and broker records for speculative share trades, and deleted the additions of Rs.1,53,633 and Rs.25,79,787 sustained by CIT(A). Case-Laws Income Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781934