https://www.taxtmi.com/caselaws?id=766389 ITAT Jaipur quashed notice under section 148 of IT Act issued by ACIT Circle-1, Jaipur for lack of jurisdiction. The tribunal held that under section 124 of IT Act, the case fell under territorial jurisdiction of ITO Ward 70(3), Delhi. Since the Income-tax Department did not exercise powers under sections 120 or 127 for jurisdictional transfer, the notice and subsequent proceedings were deemed illegal and quashed. Assessee's appeal was allowed. en-us Wed, 08 Jan 2025 00:00:00 +0530 Mon, 24 Feb 2025 13:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766389 ITAT Jaipur quashed notice under section 148 of IT Act issued by ACIT Circle-1, Jaipur for lack of jurisdiction. The tribunal held that under section 124 of IT Act, the case fell under territorial jurisdiction of ITO Ward 70(3), Delhi. Since the Income-tax Department did not exercise powers under sections 120 or 127 for jurisdictional transfer, the notice and subsequent proceedings were deemed illegal and quashed. Assessee's appeal was allowed. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766389