https://www.taxtmi.com/caselaws?id=774308 ITAT Delhi held that assessment order passed by DCIT was without jurisdiction as assessee declared loss of Rs. 10,97,461/- in return, placing it within ITO's monetary jurisdiction limit of Rs. 30,00,000/- for corporate returns. Revenue failed to produce any order under section 127 transferring jurisdiction from ITO to DCIT. Additionally, notice under section 148 was issued by Additional Commissioner who also lacked jurisdiction over assessee. Following Bombay HC precedent in Ashok Devichand Jain case, tribunal held notice under section 148 was without jurisdiction, making entire proceedings void ab initio. Assessment order dated 15.03.2016 passed under sections 147 read with 143(3) was quashed. en-us Fri, 04 Jul 2025 00:00:00 +0530 Mon, 07 Jul 2025 08:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774308 ITAT Delhi held that assessment order passed by DCIT was without jurisdiction as assessee declared loss of Rs. 10,97,461/- in return, placing it within ITO's monetary jurisdiction limit of Rs. 30,00,000/- for corporate returns. Revenue failed to produce any order under section 127 transferring jurisdiction from ITO to DCIT. Additionally, notice under section 148 was issued by Additional Commissioner who also lacked jurisdiction over assessee. Following Bombay HC precedent in Ashok Devichand Jain case, tribunal held notice under section 148 was without jurisdiction, making entire proceedings void ab initio. Assessment order dated 15.03.2016 passed under sections 147 read with 143(3) was quashed. Case-Laws Income Tax Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774308