Issuance of Notice u/s 147 of Income Tax Act without Jurisdiction: ITAT Quashes Re-Assessment [Read Order]

Isuance of Notice - Income Tax Act - Jurisdiction - ITAT - ITAT Quashes Re-Assessment - Income Tax - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) granted partial approval to the appeal made under Section 147 & 148 of the Income Tax Act, 1961. The basis for this decision was that the Assessing Officer (AO) had initiated assessment proceedings and issued a notice without adequate satisfaction and jurisdiction. The assessee, Agasthya…

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