https://www.taxtmi.com/caselaws?id=427159 The Tribunal allowed the appeal, determining that the Assessing Officer lacked jurisdiction to issue notice under Section 153C for the assessment year 2007-08. Consequently, the assessment framed under Section 153C read with Section 143(3) was deemed invalid, leading to the quashing of the assessment. The Tribunal did not address the classification of the Joint Development Agreement or the timing of income recognition due to the jurisdictional issue. en-us Tue, 30 Aug 2022 00:00:00 +0530 Fri, 02 Sep 2022 10:21:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427159 The Tribunal allowed the appeal, determining that the Assessing Officer lacked jurisdiction to issue notice under Section 153C for the assessment year 2007-08. Consequently, the assessment framed under Section 153C read with Section 143(3) was deemed invalid, leading to the quashing of the assessment. The Tribunal did not address the classification of the Joint Development Agreement or the timing of income recognition due to the jurisdictional issue. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427159