Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Faceless assessment notices issued by Joint Assessing Officer (JAO) instead of Faceless Assessment Officer (FAO) held invalid due to non-compliance with Section 151A and notification dated 29 March 2022. The High Court concurred with its earlier decision in Hexaware Technologies Ltd., ruling that JAO lacked jurisdiction to issue such notices. Consequently, the impugned notices were declared illegal and invalid, and the petition was allowed in favor of the assessee.
Faceless assessment notices issued by Joint Assessing Officer (JAO) instead of Faceless Assessment Officer (FAO) held invalid due to non-compliance with Section 151A and notification dated 29 March 2022. The High Court concurred with its earlier decision in Hexaware Technologies Ltd., ruling that JAO lacked jurisdiction to issue such notices. Consequently, the impugned notices were declared illegal and invalid, and the petition was allowed in favor of the assessee.
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