Assessment framed in different status is liable to be cancelled

Ganna Vikas Parishad Vs JCIT (ITAT Delhi) ITAT Delhi cancels the assessment made by the Assessing Officer (AO) due to the issuance of a notice in the status of ‘Local Authority’ and the subsequent assessment framed in the status of ‘Artificial Juridical Person.’ The tribunal refers to a precedent where a similar assessment was annulled on the basis of a mismatch in the status. As the AO issued the notice to the assessee as a ‘Local Authority’ and the assessment was framed as an ‘Artificial Juridical Person,’ the assessment order is declared inval...