https://www.taxtmi.com/caselaws?id=195051 The ITAT, Delhi, allowed the appeal by quashing the reassessment proceedings due to the lack of a valid notice, emphasizing the fundamental importance of jurisdictional validity in assessment proceedings under the IT Act. The ITAT found that the assessment order framed under sections 144/147 of the IT Act was made without valid jurisdiction, as the notice was issued by an officer lacking jurisdiction over the appellant. Consequently, the ITAT ruled in favor of the appellant, highlighting the necessity of a valid notice for assessment under Section 147 of the Act. en-us Fri, 12 Jun 2015 00:00:00 +0530 Fri, 13 Oct 2017 09:18:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195051 The ITAT, Delhi, allowed the appeal by quashing the reassessment proceedings due to the lack of a valid notice, emphasizing the fundamental importance of jurisdictional validity in assessment proceedings under the IT Act. The ITAT found that the assessment order framed under sections 144/147 of the IT Act was made without valid jurisdiction, as the notice was issued by an officer lacking jurisdiction over the appellant. Consequently, the ITAT ruled in favor of the appellant, highlighting the necessity of a valid notice for assessment under Section 147 of the Act. Case-Laws Income Tax Fri, 12 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195051