Assessment u/s. 144 by Additional CIT without order u/s. 120(4)(b) is invalid

Dolphin Promoters and Builders Vs ACIT (ITAT Raipur) ITAT Raipur held that assessment framed under section 144 of the Income Tax Act by Additional CIT in absence of order under section 127 and order under section 120(4)(b) is invalid as without having valid assumption of jurisdiction. Facts- The appellant firm derives income from Real Estate business and construction. During the course of assessment proceedings, the AO issued various notices from time to time, calling for relevant details. The appellant did not make adequate compliance with the notices issued. A show cause notice dated 21/1/20...