https://www.taxtmi.com/highlights?id=100017 Because the assessee's returned income was below the metro-city monetary threshold in CBDT Instruction No. 1/2011, the reassessment notice under section 148 had to be issued by the ITO and not the ACIT. The Tribunal held that the ACIT lacked jurisdiction under the applicable administrative instruction, so the notice was void ab initio. As the defect went to the authority issuing the notice, the consequential reassessment proceedings were also vitiated and quashed. en-us Fri, 22 May 2026 07:06:44 +0530 Fri, 22 May 2026 07:06:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=100017 Because the assessee's returned income was below the metro-city monetary threshold in CBDT Instruction No. 1/2011, the reassessment notice under section 148 had to be issued by the ITO and not the ACIT. The Tribunal held that the ACIT lacked jurisdiction under the applicable administrative instruction, so the notice was void ab initio. As the defect went to the authority issuing the notice, the consequential reassessment proceedings were also vitiated and quashed. Highlights Income Tax Fri, 22 May 2026 07:06:44 +0530 https://www.taxtmi.com/highlights?id=100017