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2021 (5) TMI 788 - AT - Income TaxExercising power of AO by the Addl. CIT - Validity of framing of assessment by the ld. Additional Commissioner of Income Tax, Range 2(2) - draft assessment as well as the final assessment orders were framed by the Additional Commissioner of Income Tax, Range-2(2), Mumbai - HELD THAT:- As decided in M/S. TATA COMMUNICATIONS LTD., (FORMERLY VIDESH SANCHAR NIGAM LTD.,) VERSUS ADDITIONAL COMMISSIONER OF INCOME TAX RANGE-1 (3) , MUMBAI AND VICE-VERSA [2019 (8) TMI 1446 - ITAT MUMBAI] wherein held in absence of a valid notification under section 120(4)(b) the Addl. CIT cannot exercise power of an Assessing Officer. We allow the additional grounds raised by the assessee challenging the validity of assessment framed by the ld Addl. CIT and accordingly quash the assessment so framed. - Decided in favour of assessee.
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