https://www.taxtmi.com/caselaws?id=752039 ITAT Delhi held that assessment framed u/s 143(3) by ITO was invalid due to lack of pecuniary jurisdiction. The assessee's returned income for A.Y. 2015-16 exceeded Rs. 30 lakhs, making DCIT the competent authority, not ITO. The tribunal rejected Revenue's argument regarding s. 124(3) territorial jurisdiction provisions, clarifying these apply only when valid notice u/s 143(2) exists. Following Ashok Devichand Jain precedent, jurisdiction for non-corporate assessees with income above Rs. 20 lakhs vests with DC/AC. The assessment was quashed as the initial scrutiny notice dated 12.04.2016 was issued without proper jurisdiction. Appeal decided in favor of assessee. en-us Mon, 29 Apr 2024 00:00:00 +0530 Thu, 02 May 2024 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752039 ITAT Delhi held that assessment framed u/s 143(3) by ITO was invalid due to lack of pecuniary jurisdiction. The assessee's returned income for A.Y. 2015-16 exceeded Rs. 30 lakhs, making DCIT the competent authority, not ITO. The tribunal rejected Revenue's argument regarding s. 124(3) territorial jurisdiction provisions, clarifying these apply only when valid notice u/s 143(2) exists. Following Ashok Devichand Jain precedent, jurisdiction for non-corporate assessees with income above Rs. 20 lakhs vests with DC/AC. The assessment was quashed as the initial scrutiny notice dated 12.04.2016 was issued without proper jurisdiction. Appeal decided in favor of assessee. Case-Laws Income Tax Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752039