https://www.taxtmi.com/caselaws?id=759664 The Bombay HC ruled that a notice under Section 148 for income escaping assessment must be issued by the Faceless Assessing Officer (FAO) as required under Section 151A, not by the Jurisdictional Assessing Officer (JAO). The court held there is no concurrent jurisdiction between JAO and FAO for issuing reassessment notices. Following precedents in Hexaware Technologies Limited and Nainraj Enterprises cases, the court determined that when specific jurisdiction is assigned to either JAO or FAO under the March 29, 2022 scheme, it excludes the other. The court ruled in favor of the assessee. en-us Mon, 09 Sep 2024 00:00:00 +0530 Wed, 18 Dec 2024 21:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759664 The Bombay HC ruled that a notice under Section 148 for income escaping assessment must be issued by the Faceless Assessing Officer (FAO) as required under Section 151A, not by the Jurisdictional Assessing Officer (JAO). The court held there is no concurrent jurisdiction between JAO and FAO for issuing reassessment notices. Following precedents in Hexaware Technologies Limited and Nainraj Enterprises cases, the court determined that when specific jurisdiction is assigned to either JAO or FAO under the March 29, 2022 scheme, it excludes the other. The court ruled in favor of the assessee. Case-Laws Income Tax Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759664