Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
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The HC upheld that the assessee's challenge to the territorial jurisdiction of the AO was barred by Section 124(3)(a) of the IT Act because no objection was raised within the statutory period or prior to completion of assessment; notice under s.143(2) served on the PAN address did not revive the objection. The court further held that subsequent administrative reallocation of wards lawfully vested jurisdiction in ITO, Ward-2(1), Raipur, rendering the jurisdictional plea untimely and without merit. Consequently, the ITAT's refusal to entertain the jurisdictional challenge was affirmed and the substantial question of law was answered against the assessee.
The HC upheld that the assessee's challenge to the territorial jurisdiction of the AO was barred by Section 124(3)(a) of the IT Act because no objection was raised within the statutory period or prior to completion of assessment; notice under s.143(2) served on the PAN address did not revive the objection. The court further held that subsequent administrative reallocation of wards lawfully vested jurisdiction in ITO, Ward-2(1), Raipur, rendering the jurisdictional plea untimely and without merit. Consequently, the ITAT's refusal to entertain the jurisdictional challenge was affirmed and the substantial question of law was answered against the assessee.
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