https://www.taxtmi.com/caselaws?id=351841 The appeals were dismissed due to a jurisdictional defect, annulling the assessment orders. The Commissioner of Income-tax (Appeals) found the Assessing Officer's assumption of jurisdiction invalid, rendering the reassessment proceedings void. The application of Section 292B was deemed inadequate to cure jurisdictional defects. Additionally, Section 292BB did not apply as the AO lacked jurisdiction over the assessee. The addition of deemed interest on advances was deleted as no evidence of interest being charged or received was provided. The Commissioner's decision was upheld, emphasizing that jurisdiction must be conferred by statute or authorized authorities. en-us Mon, 16 Oct 2017 00:00:00 +0530 Sat, 02 Dec 2017 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351841 The appeals were dismissed due to a jurisdictional defect, annulling the assessment orders. The Commissioner of Income-tax (Appeals) found the Assessing Officer's assumption of jurisdiction invalid, rendering the reassessment proceedings void. The application of Section 292B was deemed inadequate to cure jurisdictional defects. Additionally, Section 292BB did not apply as the AO lacked jurisdiction over the assessee. The addition of deemed interest on advances was deleted as no evidence of interest being charged or received was provided. The Commissioner's decision was upheld, emphasizing that jurisdiction must be conferred by statute or authorized authorities. Case-Laws Income Tax Mon, 16 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351841