https://www.taxtmi.com/caselaws?id=755559 The ITAT Mumbai held that the AO's addition of partnership profit under Section 143(1)(a)(ii) was jurisdictionally invalid. The AO denied deduction under Section 10(2A) for partnership profits and made additions through summary assessment. However, the final order under Section 143(1) was passed within two days of issuing intimation, violating the second proviso of Section 143(1). The ITAT ruled the AO acted beyond jurisdiction, quashed the order, and deleted the addition. The appeal succeeded on jurisdictional grounds, rendering merit-based arguments academic. en-us Tue, 09 Jul 2024 00:00:00 +0530 Mon, 15 Jul 2024 08:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755559 The ITAT Mumbai held that the AO's addition of partnership profit under Section 143(1)(a)(ii) was jurisdictionally invalid. The AO denied deduction under Section 10(2A) for partnership profits and made additions through summary assessment. However, the final order under Section 143(1) was passed within two days of issuing intimation, violating the second proviso of Section 143(1). The ITAT ruled the AO acted beyond jurisdiction, quashed the order, and deleted the addition. The appeal succeeded on jurisdictional grounds, rendering merit-based arguments academic. Case-Laws Income Tax Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755559