https://www.taxtmi.com/caselaws?id=183599 The High Court ruled in favor of the Revenue, overturning the Tribunal's decision that the Assessing Officer lacked jurisdiction in an income tax case. The Court held that the objection to jurisdiction was not raised within the required timeframe, as per Section 124(3) of the Income Tax Act, 1961. Consequently, the assessment proceedings for the block period were deemed to be within jurisdiction under Chapter XIV-B of the Act. The Court set aside the Tribunal's order and remanded the case for a decision on the appeal's merits, emphasizing the importance of adhering to statutory provisions on jurisdiction in assessment proceedings. en-us Thu, 05 Aug 2010 00:00:00 +0530 Mon, 21 Aug 2023 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183599 The High Court ruled in favor of the Revenue, overturning the Tribunal's decision that the Assessing Officer lacked jurisdiction in an income tax case. The Court held that the objection to jurisdiction was not raised within the required timeframe, as per Section 124(3) of the Income Tax Act, 1961. Consequently, the assessment proceedings for the block period were deemed to be within jurisdiction under Chapter XIV-B of the Act. The Court set aside the Tribunal's order and remanded the case for a decision on the appeal's merits, emphasizing the importance of adhering to statutory provisions on jurisdiction in assessment proceedings. Case-Laws Income Tax Thu, 05 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183599