Reassessment Quashed

The ITAT, Pune, by order dated 7 July 2026, quashed the reassessment proceedings against an assessee after holding that the Assessing Officer had failed to issue a notice under Section 143(2) following the filing of a return pursuant to Section 148. 

The Tribunal held that issuance of such notice is a mandatory jurisdictional requirement and its absence invalidates the reassessment.