https://www.taxtmi.com/caselaws?id=402059 The Tribunal quashed the reassessment by the Income Tax Officer due to lack of jurisdiction, as the returned income exceeded the limit for assessment by an Assistant Commissioner/Deputy Commissioner. The appeal was allowed solely on jurisdictional grounds, rendering other issues, such as validity of proceedings under Section 147 and various additions, moot. The Tribunal cited relevant case laws and CBDT Instruction No. 1/2011 in its decision. en-us Thu, 10 Dec 2020 00:00:00 +0530 Wed, 23 Dec 2020 15:07:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402059 The Tribunal quashed the reassessment by the Income Tax Officer due to lack of jurisdiction, as the returned income exceeded the limit for assessment by an Assistant Commissioner/Deputy Commissioner. The appeal was allowed solely on jurisdictional grounds, rendering other issues, such as validity of proceedings under Section 147 and various additions, moot. The Tribunal cited relevant case laws and CBDT Instruction No. 1/2011 in its decision. Case-Laws Income Tax Thu, 10 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402059