https://www.taxtmi.com/caselaws?id=65397 The Tribunal quashed the assessment by the AO in Ghaziabad, finding that the notice issued under section 148 of the IT Act lacked jurisdiction since the assessee was regularly assessed in New Delhi. The notice was deemed invalid as it was issued after the statutory time limit. Consequently, the assessee's appeal was allowed, and the Revenue's appeal regarding the addition of capital gains was dismissed, as the assessment itself was invalidated on jurisdictional grounds. en-us Fri, 13 Jun 2008 00:00:00 +0530 Wed, 06 Dec 2023 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65397 The Tribunal quashed the assessment by the AO in Ghaziabad, finding that the notice issued under section 148 of the IT Act lacked jurisdiction since the assessee was regularly assessed in New Delhi. The notice was deemed invalid as it was issued after the statutory time limit. Consequently, the assessee's appeal was allowed, and the Revenue's appeal regarding the addition of capital gains was dismissed, as the assessment itself was invalidated on jurisdictional grounds. Case-Laws Income Tax Fri, 13 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65397