Addl CIT cannot exercise powers of AO without valid jurisdictions U/s. 120(4)(b

ACIT-2(3) Vs M/s Tata Sons Ltd., Bombay House (ITAT Mumbai) Conclusion- In the absence of a valid order u/s 120(4)(b) as well as section 127(1) of the Act the Additional Commissioner of Income Tax could not have exercised powers of an Assessing Officer to pass the impugned assessment order. Facts – Assessee raised additional ground before the Tribunal stating that the assessment order cannot be passed by any officer without authority of law. Assessee contended that the additional CIT had failed to establish that he possessed legal and valid jurisdictions under Section 120(4)(b) of the Income...