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of <h1>ITAT Kolkata Invalidates ITO Notice u/s 143(2) Due to Jurisdictional Errors; Highlights Importance of Compliance with CBDT Guidelines.</h1> The ITAT Kolkata ruled on the validity of a notice under Section 143(2) of the Income Tax Act, 1961, issued by the ITO, Ward-49(1), Kolkata. The central question was whether the ITO had jurisdiction to issue the notice given the monetary threshold set by the CBDT, which specified that jurisdiction should lie with the DCs/ACs for corporate assesses in metro cities declaring income above a certain limit. The Tribunal, referencing a similar Calcutta High Court case, found the notice invalid due to jurisdictional errors, leading to the quashing of the assessment proceedings. This judgment emphasizes strict adherence to statutory notice requirements and jurisdictional clarity.
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