AO was required to deliver notice at banking address in case notice sent at PAN address return as undelivered

INCOME TAX : Where reopening notice sent at address of assessee available in PAN database was returned by postal authorities, by virtue of proviso to sub-rule (2) of rule 127, communication had to be delivered at address of assessee as available with banking company and since revenue had failed to do so, there was no service of reopening notice, thus, subsequent assessment order making additions to income of assessee was unjustified

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