https://www.taxtmi.com/highlights?id=65425 Reopening of assessment u/s 147 - AO jurisdiction in issuing notice - Once the territorial jurisdiction of respondent no.1 is admitted by the petitioner, there existed no occasion for the Assessing Officer to refer the matter for determination under sub-section (2) of Section 124 before the assessment was made. - Merely because some pecuniary limit has been fixed for purpose of distribution of work between officers, it would not mean that there shall be inherent lack of jurisdiction of AO - HC en-us Fri, 02 Sep 2022 08:10:41 +0530 Fri, 02 Sep 2022 08:10:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65425 Reopening of assessment u/s 147 - AO jurisdiction in issuing notice - Once the territorial jurisdiction of respondent no.1 is admitted by the petitioner, there existed no occasion for the Assessing Officer to refer the matter for determination under sub-section (2) of Section 124 before the assessment was made. - Merely because some pecuniary limit has been fixed for purpose of distribution of work between officers, it would not mean that there shall be inherent lack of jurisdiction of AO - HC Highlights Income Tax Fri, 02 Sep 2022 08:10:41 +0530 https://www.taxtmi.com/highlights?id=65425