https://www.taxtmi.com/caselaws?id=414991 The Tribunal held that the Assistant Commissioner of Income Tax (ACIT) lacked jurisdiction to issue the assessment order under Section 143(3) as the returned income was below the threshold requiring the assessment to be conducted by the Income Tax Officer (ITO). The assessment framed by the ACIT was deemed invalid due to lack of jurisdiction, leading to the appeal being allowed and the assessment order being set aside. Other issues raised by the assessee regarding disallowance under Section 36(1)(va) and interpretation of Section 43B were not addressed as the primary jurisdictional issue was resolved in favor of the assessee. en-us Thu, 28 Oct 2021 00:00:00 +0530 Tue, 11 Aug 2026 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414991 The Tribunal held that the Assistant Commissioner of Income Tax (ACIT) lacked jurisdiction to issue the assessment order under Section 143(3) as the returned income was below the threshold requiring the assessment to be conducted by the Income Tax Officer (ITO). The assessment framed by the ACIT was deemed invalid due to lack of jurisdiction, leading to the appeal being allowed and the assessment order being set aside. Other issues raised by the assessee regarding disallowance under Section 36(1)(va) and interpretation of Section 43B were not addressed as the primary jurisdictional issue was resolved in favor of the assessee. Case-Laws Income Tax Thu, 28 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414991