Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
ITAT quashed assessment order passed u/s 143(3) by ITO-4(1), Raipur due to invalid assumption of jurisdiction. The transfer of case from ITO-4(1), Kolkata to ITO-4(1), Raipur was held improper without requisite order u/s 127(2) from CIT, Kolkata-2. ITAT determined that under s.120, CIT Kolkata-2 lacked authority to transfer jurisdiction to an AO not subordinate to him. The claim based on order sheet noting dated 08.09.2014 regarding transfer pursuant to s.120 order was rejected. The assessment was invalidated as fundamental jurisdictional requirements under s.127 were not met. Appeal decided against Revenue.
ITAT quashed assessment order passed u/s 143(3) by ITO-4(1), Raipur due to invalid assumption of jurisdiction. The transfer of case from ITO-4(1), Kolkata to ITO-4(1), Raipur was held improper without requisite order u/s 127(2) from CIT, Kolkata-2. ITAT determined that under s.120, CIT Kolkata-2 lacked authority to transfer jurisdiction to an AO not subordinate to him. The claim based on order sheet noting dated 08.09.2014 regarding transfer pursuant to s.120 order was rejected. The assessment was invalidated as fundamental jurisdictional requirements under s.127 were not met. Appeal decided against Revenue.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
