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2016 (7) TMI 1440 - AT - Income TaxValidity of reassessment - notice u/s. 143(2) has not been issued by the Competent Authority - curable defect u/s 292BB - Held that:- In the instant case the assessment notice has been issued by the ITO Ward 3(1) having no jurisdiction on the assessee. The Income Tax Authorities can exercise their powers within the provisions of the Act. Income Tax Authorities cannot confer jurisdiction on an officer which the statute itself does not confer. No hesitation to reverse the orders of Authorities Below on this legal point. As the legal issue has been decided in favour of assessee, we are not adjudicating other grounds of appeal of the assessee.
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