https://www.taxtmi.com/caselaws?id=432454 The Tribunal held that the Assessing Officer lacked valid jurisdiction under section 153C for the assessment year 2007-08 as the satisfaction note was beyond the limitation period. The notice issued was deemed legally invalid, resulting in the quashing of the notice and the assessment based on it. Consequently, the Tribunal set aside the Assessing Officer's order and allowed the assessee's appeal on the grounds of lack of jurisdiction. en-us Thu, 21 Apr 2022 00:00:00 +0530 Thu, 05 Jan 2023 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432454 The Tribunal held that the Assessing Officer lacked valid jurisdiction under section 153C for the assessment year 2007-08 as the satisfaction note was beyond the limitation period. The notice issued was deemed legally invalid, resulting in the quashing of the notice and the assessment based on it. Consequently, the Tribunal set aside the Assessing Officer's order and allowed the assessee's appeal on the grounds of lack of jurisdiction. Case-Laws Income Tax Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432454