2025 (8) TMI 347

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....rred to as the Act) and hence, re-assessment was liable to be quashed. 03. The facts in brief are that the assessee filed the return of income u/s 139(1) on 01.10.2013, declaring total income of Rs. 7,02,160/-. Thereafter, the case of the assessee was reopened u/s 147 of the Act, after obtaining the approval from the competent authority and notice u/s 148 of the Act was issued accordingly after recording reasons to believe u/s 148(2) of the Act. According to the ld. AO assessee did not comply with the said notice however, vide letter dated 15.03.2018, the assessee stated that the return already filed u/s 139(1) may kindly be treated as the return filed in response to notice u/s 148 of the Act. Thereafter, statutory notices were issued and ....

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....g Notice u/s 148 in the case of Sangeeta Devi Anchalia for the A.Y. 2013-14[PAN: ADDPA0199C]-Matter Reg.- Ref: Your letter received by this office on 01/09/2018. In response to your letter under reference this is to inform you the assessee filed Return of Income 139(1) for the A.Y. 2013-14 on 01.10.2013 declaring total income of Rs. 7,02,160/-. The return was processed u/s.143(1) on 25.03.2015. No notice u/s. 143(2) is found to have been issued in this case. As per return, the assessee claimed exempt income of Rs. 13.74.453/- under the head "Other including exempt income of minor child in Schedule El of the return. Information has been received from the Principal Director of Income Tax(Inv), Kolkata vide F. No. DIT(Inv)/Bogus LTCG/....