Income Tax Jurisdiction Defect: ACIT Cannot Issue 148 Notice Below ITO’s Prescribed Monetary Limit

Chinmoy Mondal Vs ACIT (ITAT Kolkata) ACIT Playing in ITO’s Playground? Reassessment Sent Back for Being ‘Overqualified’- ITAT Kolkata Quashes Reassessment for Wrong Officer Issuing Notice – Jurisdictional Defect is Fatal Assessee had originally filed return declaring income of ₹14,09,760/- for AY 2014-15, & the original assessment u/s 143(3) accepted the returned income. Later, the case was reopened u/s 147 by issuing notice u/s 148 on 27.07.2022. The crucial fact was that this notice was issued by the ACIT, Circle-1, Burdwan, & the reassessment order u/s 147/144 was also ...