https://www.taxtmi.com/caselaws?id=56622 The Appellate Tribunal ITAT Allahabad ruled that the jurisdiction of Single Member Benches under sub-section (3) of section 255 of the IT Act, 1961 is determined by the total income exceeding Rs. 1 lac, regardless of whether it involves losses. The Tribunal held that even if a substantial loss is reduced to a minimal positive figure, jurisdiction remains with the Single Member Bench. The judgment emphasized that the criterion for jurisdiction is based on the quantum of income, not additions made by the assessing officer. The petition challenging the jurisdiction of the Single Member Bench due to negative total income exceeding Rs. 1 lac was dismissed. en-us Fri, 29 Jun 1990 00:00:00 +0530 Sat, 04 Dec 2010 18:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56622 The Appellate Tribunal ITAT Allahabad ruled that the jurisdiction of Single Member Benches under sub-section (3) of section 255 of the IT Act, 1961 is determined by the total income exceeding Rs. 1 lac, regardless of whether it involves losses. The Tribunal held that even if a substantial loss is reduced to a minimal positive figure, jurisdiction remains with the Single Member Bench. The judgment emphasized that the criterion for jurisdiction is based on the quantum of income, not additions made by the assessing officer. The petition challenging the jurisdiction of the Single Member Bench due to negative total income exceeding Rs. 1 lac was dismissed. Case-Laws Income Tax Fri, 29 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56622