ITAT Quashes Assessment as ITO Lacked Pecuniary Jurisdiction Under CBDT Instruction

Sudhir Kumar Agrawal Vs ITO (ITAT Raipur) The Income Tax Appellate Tribunal (ITAT), Raipur, considered an appeal arising from an assessment order passed under Section 143(3) of the Income-tax Act, 1961 for Assessment Year 2012-13. Apart from challenging various additions relating to long-term capital gains, deduction under Section 54F, house property income, cost of acquisition, stamp duty, and ownership share, the assessee raised an additional legal ground questioning the jurisdiction of the Income Tax Officer (ITO), Ward-2(2), Bhilai, to complete the assessment. The Tribunal admitted the add...