Reassessment Notice u/s. 148 notice issued by a non-jurisdictional AO is not valid

IN THE ITAT MUMBAI BENCH ‘I’ Indorama Software Solution Ltd. Versus Income-tax Officer IT APPEAL NOs. 5211 & 5290 (MUM.) OF 2011 [ASSESSMENT YEAR 2003-04] SEPTEMBER 7, 2012 ORDER Vijay Pal Rao, Judicial Member  These cross appeals are directed against the order dated 23.5.2011 of CIT (A) for the assessment year 2003-2004. 2. The assessee filed return of income declaring income at Rs. NIL after setting off un-absorbed losses of Rs. 7,74,956/-. The assessment was completed u/s 143(3) resulting NIL income after allowing the set off unabsorbed losses of the earli...