https://www.taxtmi.com/caselaws?id=68805 The Tribunal concluded that the notice issued under section 148(1) by ACIT, Range-IV, Lucknow, lacked jurisdiction and was therefore invalid. As a result, the reassessment conducted by Addl. CIT, Range-I, Lucknow, was also deemed invalid and was cancelled. The Tribunal allowed the assessee's appeal, emphasizing that jurisdiction must be properly established and cannot be assumed by consent. The Tribunal also noted that despite objections regarding the reopening of the assessment, the procedural requirements were met, but these were rendered academic due to the jurisdictional issue. en-us Fri, 07 Sep 2007 00:00:00 +0530 Fri, 12 Jan 2024 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68805 The Tribunal concluded that the notice issued under section 148(1) by ACIT, Range-IV, Lucknow, lacked jurisdiction and was therefore invalid. As a result, the reassessment conducted by Addl. CIT, Range-I, Lucknow, was also deemed invalid and was cancelled. The Tribunal allowed the assessee's appeal, emphasizing that jurisdiction must be properly established and cannot be assumed by consent. The Tribunal also noted that despite objections regarding the reopening of the assessment, the procedural requirements were met, but these were rendered academic due to the jurisdictional issue. Case-Laws Income Tax Fri, 07 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68805