https://www.taxtmi.com/caselaws?id=427125 The Tribunal upheld the decision that the Assessing Officer lacked jurisdiction to issue a notice under Section 153A for Assessment Year (AY) 2008-09, based on the Madras High Court precedent. As a result, the assessments for AY 2008-09 were invalidated. The Tribunal also accepted the condonation of delay in filing cross objections by the assessees but dismissed the cross objections on their merits due to the jurisdictional issue making them irrelevant. Consequently, both the Revenue's appeals and the assessees' cross objections were dismissed. en-us Wed, 03 Aug 2022 00:00:00 +0530 Fri, 02 Sep 2022 06:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427125 The Tribunal upheld the decision that the Assessing Officer lacked jurisdiction to issue a notice under Section 153A for Assessment Year (AY) 2008-09, based on the Madras High Court precedent. As a result, the assessments for AY 2008-09 were invalidated. The Tribunal also accepted the condonation of delay in filing cross objections by the assessees but dismissed the cross objections on their merits due to the jurisdictional issue making them irrelevant. Consequently, both the Revenue's appeals and the assessees' cross objections were dismissed. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427125