Assessment Quashed as Returned Income Exceeded Monetary Limits of ITO Jurisdiction

Advertisement Inderpreet Singh Jhelumi Vs ACIT (ITAT Delhi) The ITAT Delhi considered an appeal filed by the assessee against the order of the Commissioner of Income Tax (Appeals) for Assessment Year 2015-16 arising from an assessment completed under Section 143(3) of the Income Tax Act. The assessee had filed return of income declaring total income of Rs.99,47,310. The case was selected for limited scrutiny through CASS, and notice under Section 143(2) dated 19.09.2016 was issued by ITO Ward-7(1), Kolkata. Subsequently, the Assessing Officer passed an assessment order dated 26.12.2017 maki...