Reassessment order passed on  basis of invalid assumption of Jurisdiction cannot be Revised u/s 263 of Income Tax Act: ITAT [Read Order]

Reassessment - invalid -assumption - Jurisdiction - Revised - Income- Tax- Act-ITAT-TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Raipur bench held that reassessment order passed on the basis of invalid assumption of jurisdiction could not be revised under Section 263  of Income Tax Act, 1961. The bench observed that the assessment order was  null and void as it was based on a non-est  return, therefore, the Commissioner could…

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