https://www.taxtmi.com/caselaws?id=214555 The Tribunal concluded that Shri Sampoornanand, ACIT, had the proper jurisdiction to issue notices under Section 148 for the assessment years in question due to the concurrent jurisdiction conferred by the CIT-II, Agra. The reassessment proceedings were deemed valid, and the penalties under Section 271(1)(c) were to be reconsidered on merits by the CIT(A). The Tribunal set aside the CIT(A)'s orders and restored the appeals for a decision on merits, providing both the assessee and the AO with an opportunity to be heard. en-us Fri, 08 Jun 2012 00:00:00 +0530 Thu, 05 Jul 2012 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214555 The Tribunal concluded that Shri Sampoornanand, ACIT, had the proper jurisdiction to issue notices under Section 148 for the assessment years in question due to the concurrent jurisdiction conferred by the CIT-II, Agra. The reassessment proceedings were deemed valid, and the penalties under Section 271(1)(c) were to be reconsidered on merits by the CIT(A). The Tribunal set aside the CIT(A)'s orders and restored the appeals for a decision on merits, providing both the assessee and the AO with an opportunity to be heard. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214555