https://www.taxtmi.com/highlights?id=70577 Validity of assessment order - Jurisdiction to AO to adjudicate the assessment u/s 143(3) - While quashing the notice, High Court has granted the liberty to the department to initiate proceedings afresh as per law - Revenue contended that assessee is precluded from challenging the jurisdiction beyond the period of 30 days of the receipt of notice u/s 142(1) - Apex Court maintained the order of HC - However, AO is free to complete the assessment (in case the assessment order has not been issued) within the next 60 days. - SC en-us Mon, 26 Jun 2023 08:42:10 +0530 Mon, 26 Jun 2023 11:48:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70577 Validity of assessment order - Jurisdiction to AO to adjudicate the assessment u/s 143(3) - While quashing the notice, High Court has granted the liberty to the department to initiate proceedings afresh as per law - Revenue contended that assessee is precluded from challenging the jurisdiction beyond the period of 30 days of the receipt of notice u/s 142(1) - Apex Court maintained the order of HC - However, AO is free to complete the assessment (in case the assessment order has not been issued) within the next 60 days. - SC Highlights Income Tax Mon, 26 Jun 2023 08:42:10 +0530 https://www.taxtmi.com/highlights?id=70577