Assessment Proceedings u/s 151A and SCN Passed without Jurisdiction: ITAT quashes NFAC’s orders [Read Order]

ITAT ruled that the assessment was invalid as NFAC issued notice and finalized it before Section 151A, effective from 29.03.2022, was operational
ITAT - ITAT Kolkata - ITAT quashes NFAC orders - Section 151A Income Tax Act - TAXSCAN

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) quashed the orders passed by the National Faceless Assessment Centre’s orders as the latter observed that the assessment proceedings under Section 151A of the Income Tax Act, 1961, as well as the show cause notice (SCN), were issued without jurisdiction. In this case, the assessee,…

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