Reassessment Order Struck Down for Jurisdictional Defect

Kalawati Enterprises Pvt. Ltd Vs DCIT/NFAC (ITAT Patna) NFAC Lacked Jurisdiction Before 29-03-2022 – ITAT Patna Quashes Reassessment Order Passed on 24-03-2022 The Patna Bench of the ITAT allowed the assessee’s appeal for AY 2013-14 and quashed the reassessment order passed by the National Faceless Assessment Centre (NFAC), holding that the order was without jurisdiction, since the statutory notification enabling NFAC to conduct reassessments had come into force only from 29-03-2022, whereas the impugned assessment order was passed earlier on 24-03-2022. The reassessment had been framed u/...