https://www.taxtmi.com/caselaws?id=311343 ITAT Kolkata held that assessment proceedings were invalid due to jurisdictional defect. The case involved corporate assessee with returned income exceeding Rs. 30 lakhs, which per CBDT Instruction required jurisdiction with DC/AC in metro cities. However, notice u/s 143(2) was issued by ITO instead of competent authority. Though assessment was subsequently framed by ACIT, the initial jurisdictional error invalidated entire proceedings. ITAT followed precedent from Calcutta HC in similar matter, emphasizing that valid notice u/s 143(2) is mandatory prerequisite for assessment u/s 143(3). en-us Wed, 27 Sep 2023 00:00:00 +0530 Thu, 21 Dec 2023 06:03:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311343 ITAT Kolkata held that assessment proceedings were invalid due to jurisdictional defect. The case involved corporate assessee with returned income exceeding Rs. 30 lakhs, which per CBDT Instruction required jurisdiction with DC/AC in metro cities. However, notice u/s 143(2) was issued by ITO instead of competent authority. Though assessment was subsequently framed by ACIT, the initial jurisdictional error invalidated entire proceedings. ITAT followed precedent from Calcutta HC in similar matter, emphasizing that valid notice u/s 143(2) is mandatory prerequisite for assessment u/s 143(3). Case-Laws Income Tax Wed, 27 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311343