ITAT Quashes Assessment for Failure to Issue Notice u/s 143(2) and Unjustified Additions

The ITAT quashed an assessment due to the failure to issue a proper notice under section 143(2) of the Income Tax Act. The assessment was found to be flawed as the taxpayer did not receive the required notice, which is a mandatory procedural requirement for initiating assessments. The tribunal ruled that the failure to follow procedural norms rendered the assessment invalid, reinforcing the importance of strict adherence to legal procedures in tax matters. This decision serves as a reminder of taxpayers' rights to be properly notified before assessments are made.