https://www.taxtmi.com/caselaws?id=436196 An assessment under section 143(3) is invalid where the foundational notice under section 143(2) is not issued within limitation by a jurisdictionally competent Assessing Officer. A notice issued by an officer lacking jurisdiction does not satisfy the statutory requirement under section 2(7A), and the defect is not cured by later proceedings. The assessee was not required to raise an objection under section 124(3) when the initial notice itself was without jurisdiction, and the absence of a transfer order under section 127 meant PAN allocation could not substitute for lawful jurisdiction under section 120. en-us Mon, 17 Oct 2022 00:00:00 +0530 Fri, 07 Apr 2023 08:42:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436196 An assessment under section 143(3) is invalid where the foundational notice under section 143(2) is not issued within limitation by a jurisdictionally competent Assessing Officer. A notice issued by an officer lacking jurisdiction does not satisfy the statutory requirement under section 2(7A), and the defect is not cured by later proceedings. The assessee was not required to raise an objection under section 124(3) when the initial notice itself was without jurisdiction, and the absence of a transfer order under section 127 meant PAN allocation could not substitute for lawful jurisdiction under section 120. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436196