https://www.taxtmi.com/caselaws?id=294970 The ITAT Delhi held that the reassessment proceedings were invalid due to jurisdictional issues. The AO who initiated the reassessment lacked jurisdiction, and the subsequent transfer to another AO did not cure this defect. Therefore, the reassessment was deemed illegal and set aside, leading to the deletion of the additional tax assessment and a favorable outcome for the assessee. The judgment underscored the importance of the AO having valid jurisdiction to conduct reassessment proceedings under the Income Tax Act. en-us Mon, 02 Sep 2019 00:00:00 +0530 Thu, 13 May 2021 08:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294970 The ITAT Delhi held that the reassessment proceedings were invalid due to jurisdictional issues. The AO who initiated the reassessment lacked jurisdiction, and the subsequent transfer to another AO did not cure this defect. Therefore, the reassessment was deemed illegal and set aside, leading to the deletion of the additional tax assessment and a favorable outcome for the assessee. The judgment underscored the importance of the AO having valid jurisdiction to conduct reassessment proceedings under the Income Tax Act. Case-Laws Income Tax Mon, 02 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294970