https://www.taxtmi.com/caselaws?id=447239 ITAT Kolkata dismissed challenges to assessment jurisdiction, following SC precedent in Kalinga Institute case that assessee cannot question AO's jurisdiction after participating in proceedings without timely objection under section 124(3)(a). Regarding section 43CA valuation disputes, tribunal remanded matters to AO for fresh consideration of DVO reports and proper application of law per Maria Fernandes Cheryl precedent, directing adequate hearing opportunity for assessee. Both appeals allowed for statistical purposes with directions for reassessment. en-us Mon, 16 Oct 2023 00:00:00 +0530 Wed, 20 Dec 2023 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447239 ITAT Kolkata dismissed challenges to assessment jurisdiction, following SC precedent in Kalinga Institute case that assessee cannot question AO's jurisdiction after participating in proceedings without timely objection under section 124(3)(a). Regarding section 43CA valuation disputes, tribunal remanded matters to AO for fresh consideration of DVO reports and proper application of law per Maria Fernandes Cheryl precedent, directing adequate hearing opportunity for assessee. Both appeals allowed for statistical purposes with directions for reassessment. Case-Laws Income Tax Mon, 16 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447239