https://www.taxtmi.com/caselaws?id=195350 The Court ruled in favor of the Revenue, emphasizing the importance of timely raising jurisdictional objections. The appellant's failure to challenge the Assessing Officer's jurisdiction within the prescribed period, despite being aware of it, was fatal to their case. The Court held that the absence of specific authorization under Section 120(4)(b) did not invalidate the Assessing Officer's authority conferred under Section 120(2). The judgment allowed the Revenue's appeal, directing the parties to proceed before the Income Tax Appellate Tribunal for further actions, highlighting the significance of adhering to statutory provisions in assessing validity. en-us Thu, 23 Feb 2017 00:00:00 +0530 Fri, 27 Oct 2017 09:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195350 The Court ruled in favor of the Revenue, emphasizing the importance of timely raising jurisdictional objections. The appellant's failure to challenge the Assessing Officer's jurisdiction within the prescribed period, despite being aware of it, was fatal to their case. The Court held that the absence of specific authorization under Section 120(4)(b) did not invalidate the Assessing Officer's authority conferred under Section 120(2). The judgment allowed the Revenue's appeal, directing the parties to proceed before the Income Tax Appellate Tribunal for further actions, highlighting the significance of adhering to statutory provisions in assessing validity. Case-Laws Income Tax Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195350