https://www.taxtmi.com/caselaws?id=776020 The ITAT Chennai held that reassessment notices must be issued by the FAO as per the CBDT Notification dated 29.03.2022, following the Bombay HC ruling in Hexaware Technologies Ltd. Notices issued by the JAO are invalid. Although the Revenue challenged this position and filed a SLP against the Bombay HC decision, the ITAT ruled in favor of the assessee, allowing the appeal. The tribunal clarified that if the SC reverses the Bombay HC judgment, the parties will be bound by the SC decision. en-us Wed, 30 Jul 2025 00:00:00 +0530 Mon, 04 Aug 2025 08:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776020 The ITAT Chennai held that reassessment notices must be issued by the FAO as per the CBDT Notification dated 29.03.2022, following the Bombay HC ruling in Hexaware Technologies Ltd. Notices issued by the JAO are invalid. Although the Revenue challenged this position and filed a SLP against the Bombay HC decision, the ITAT ruled in favor of the assessee, allowing the appeal. The tribunal clarified that if the SC reverses the Bombay HC judgment, the parties will be bound by the SC decision. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776020