NORATAN LAL SHARMA,JAIPUR vs. INCOME TAX OFFICER, WARD 2(2), JAIPUR, JAIPUR

On the facts and circumstances of the case and in law also Ld. A.O. grossly erred in initiating reassessment proceedings u/s. 147 of the Income Tax Act, 1961. 2. No notice U/s. 148 or U/s. 142(1) or U/s. 144 was served on the assessee as the same was not issued in the name of correct person. Even address was not written correctly. Assessment order has also been passed in name of wrong person. Therefore entire proceedings are abinitio void. 3. That the Return of income filed by the assessee was not referred at all before initiating reassessment proceedings. Even the fact that assessee holds PAN was not considered. 4. On the facts and circumstances of the case and in law also Ld CIT(A) grossly erred in considering cost of acquisition as on 01-04-1981 at Rs 90,738/- whereas assessee claimed in his written submission cost of acquisition of property as on 01-04-1981 at Rs 1,32,967/- 5. That the appellant craves his indulgence to add, amend, alters or deletes the grounds of appeal.

This appeal was filed by the assessee before us on 28-02-2025; thereafter the matter was fixed for hearing on various occasions as per order sheet. Ultimately, the same stood withdrawn by the assessee vide his withdrawal application dated: 29.08.2025, as the matter was pending before the Ld. CIT (A) for rectification u/s. 154 of the Act.

In view of this application filed by the assessee, the bench allowed the withdrawal of the appeal mentioned (supra) and the same is treated as dismissed as withdrawn.

In the result, the appeal of the assessee is technically dismissed.

अपीलाथŎ/The Appellant , 2. Ůितवादी/ The Respondent. 3. आयकर आयुƅ CIT 4. िवभागीय Ůितिनिध, आय.अपी.अिध., Sr.DR., ITAT, 5. गाडŊ फाइल/Guard file.